Mr Zekelman Applauds Section 232 Steel Duties Continuation
North America’s largest independent steel pipe and tube manufacturer and a leader in modular construction innovations Zekelman Industries CEO & Executive Chairman Mr Barry Zekelman said “We congratulate the Biden/Harris administration on their support of the domestic steel industry. The tariffs that resulted from the Section 232 investigation regarding domestic steel (conducted under the Trade Expansion Act of 1962, as amended) are critical to level the playing field for domestic producers who too often in the past have been forced to compete against unfairly traded foreign products. The drop in imports resulting from these tariffs has created tremendous opportunities for domestic steel manufacturers. Zekelman Industries has been able to increase our investments into our business units and communities, hire more teammates and increase our capital expenditures to levels that were unthinkable just a few years ago. Since the 232 tariffs came into effect, we have increased our capital investments more than USD 350 million over historical levels, hired over 400 new teammates and paid over USD 10.3 million in annual 232 bonuses to our teammates.”
Mr Zekelman added “We look forward to working with the Biden/Harris administration to develop and maintain trade policies that allow us to continue the investment in our communities and our nation’s future.
Zekelman Industries includes the operating divisions of Atlas Tube, Picoma, Sharon Tube, Wheatland Tube, Western Tube and Z Modular. It is the largest independent manufacturer of hollow structural sections (HSS) and steel pipe, and the top producer of electrical conduit and elbows, couplings and nipples in North America.