Steel fighting for tougher trade laws
Jan 24, 2013 | 01:38 PM
| Samuel Frizell
Tags
American Iron and Steel Institute,
Steel Manufacturers Association,
Nucor,
U.S. Steel,
trade laws,
debt ceiling,
Thomas Gibson,
Thomas Danjczek
Samuel Frizell
NEW YORK — U.S. steel interests are angling for stiffer trade regulations in 2013 in the face of possible financial crises, hoping that tougher enforcement will stimulate the industry as battles over fiscal policies continue in Washington.
"We’re still emerging from the great recession," one steel industry source said. "The industry’s only operating at 70 percent (of capacity). There’s a major concern of how our leaders resolve (fiscal issues)."
Industry leaders said companies are eager to see crackdowns on countries that trade unfairly. U.S. Steel Corp., Pittsburgh, and Nucor Corp., Charlotte, N.C., spent much of their 2012 lobbying budgets—$1.23 million and $1.18 million, respectively—on trade issues, according to congressional lobbying reports.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here