10/31/2018, 8:13 PM (Source: TeleTrader)
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Trump: US steel industry is back and 'roaring'

United States President Donald Trump said on Wednesday that the American steel industry has been prospering since the imposition of tariffs on steel and aluminum imports in March.

Trump stated that the steel industry was "dead" but is now coming back and "roaring." He mentioned that US Steel is building "many plants" domestically and that Minnesota is "booming" due to the increased exploitation of the iron ore in that state.

The president also said he expects the price of steel to go down over time, as the iron ore will be taken from mines in the country. The quality of steel produced in the US is also superior to the steel imported from other countries, Trump claimed.

Speaking on trade talks with China, there is a chance for a "fair" deal with Beijing, US president reiterated.

Breaking the News / NI