Definition of steelmaker
: a manufacturer of steel
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The United States and South Korea agree to revise a trade pact sharply criticised by U.S. President Donald Trump, with Korean steelmakers hit with quotas but avoiding hefty tariffs.
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The company's board favored an offer from an Indian steelmaker.
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Economists, however, have said that U.S. steelmakers, for example, produce more than what's needed for the Defense Department and its various military programs.
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John Ferriola, chief executive officer of Nucor Corp., says the steelmaker expects to step up its investments in light of the tariffs.
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Major steelmakers like Nucor and U.S. Steel have sites in Illinois, as do companies that manipulate steel into flat bars, coils, and other finished steel products.
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Posco , the country’s leading steelmaker and one of the biggest stocks in the Kospi index by market value, dropped 3.6% Friday.
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While shares of steelmakers surged, with U.S. Steel up $2.50, or 5.8%, to $46.01, stocks of companies that use lots of steel fell.
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American steelmakers have complained for years that companies in countries with lower wages, labor standards and environmental rules violate the rules of free trade by exporting volumes of steel in such quantities as to undermine the market here.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'steelmaker.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of steelmaker
1774
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