The American Iron and Steel Institute (AISI) announced Monday that its Board of Directors has elected Joseph A. Carrabba, chairman, president and CEO of Cliffs Natural Resources, Inc., to serve as chairman of the Institute until May 2013. Carrabba replaces Chairman and Chief Executive Officer, US Steel, John Surma. Most recently, Carrabba served as Vice Chairman of AISI.
"I'm pleased to serve as chairman of AISI at a time when we need to take hold of the challenges before us and turn them into opportunities," Carrabba said. "I believe the steel industry can continue to help lead the economy out of recession. We see this in how the industry is serving demand in the growing energy sector, including expansion of the domestic shale plays; by the strong reception for new advanced high strength steel in the automotive industry; and in the industry's significant jobs multiplier impact, with every one job supporting seven jobs in other sectors. I look forward to working with AISI and our member companies in advocating for policies that strongly support the competitiveness of America's dynamic steel industry."