April 15, 2015

Steel Faces a Crisis, Testify Industry Officials

The thousands of steelworkers laid off in the last year is clear evidence the American steel industry is facing a renewed crisis, testified industry executives before members of Congress March 26 as they appealed for new trade action to stem the tide of subsidized and dumped steel imports into the U.S. market.

Thomas M. Conway, international vice president of the United Steelworkers, asserted that existing policies on trade are undermining manufacturing and employment in the steel industry as South Korea, Brazil, Turkey and other countries flood the U.S. market with steel products.

"One year ago, USW President Leo Gerard appeared before you and said ‘the steel industry and its workers are facing pressures that threaten their future.’ Those threats have only gotten worse, and Washington is doing little to help,” Conway told the congressional steel caucus.

In fact, trade deals like the Trans-Pacific Partnership, to promote trade with 11 other nations, may do more harm than good, he said. "Not only does it fail to address the key issues of currency manipulation and global overcapacity, but it will increase the incentives to outsource production and diminish the incentives to produce here.”

Representatives from the American Iron and Steel Institute, Steel Manufacturers Association, the Specialty Steel Industry of North America and the Committee on Pipe and Tube Imports also participated in the meeting with the steel caucus.

September 2017: Numbers Don’t Add Up for Service Centers
More...
 
Pause
September 2017: Lichtenstein: Five Steel Truths that Demand Attention
More...
Fall 2016: Cutting & Sawing Equipment
More...
Summer 2017
More...
 
Pause
Advanced Controls on Braner Slitters
More...
AHVS Precision Leveler Features Flip-Top Design
More...
Formtek’s Tishken Slitter Increases Production Volume
More...
Red Bud System Handles High-Strength Steels
More...
Bradbury Launches Flat Trak CL Monitoring System
More...
Artus Knives Custom Designed
More...
 
Pause
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Tuesday, October 17, 2017