UNITED STATES A win-one/lose-one forecast on the China steel threat

Nov 01, 2007 | 08:03 AM |

Once again, Chinese steel imports were the most hotly debated issue at AMM's third annual China Summit. For some, the debate felt like déjà vu.

Some attendees complained that the arguments thrown back and forth between those in favor of "free" trade vs. those in favor of "fair" trade were getting a little tired. China's alleged pegged currency and its value-added tax rebate were just a couple of the well-worn issues that were discussed, and there proved to be little new information. Indeed, a number of panelists said outright that much of their presentations contained information they had given in the past. That doesn't really get the pulse pounding.

To be sure, the conference provided some memorable moments—a fired-up Rep. Peter J. Visclosky (D., Ind.), for example, saying that the Chinese didn't care about the safety of their mineworkers, which prompted one Chinese official to invite Visclosky and the House Steel Caucus to visit China. And many delegates were surprised by the uncharacteristically mellow speech by the usually combative Daniel R. DiMicco, chairman, president and chief executive officer of Nucor Corp., Charlotte, N.C., in which he emphasized cooperation with the Chinese.....





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