US must approach trade pacts with caution: execs

May 17, 2013 | 05:15 PM | Catherine Ngai

Tags  steel, trade, TPP, Japan, China, Nucor, AISI, MSCI John Ferriola

COLORADO SPRINGS, Colo. — The U.S. steel industry could feel the effects of two major trade deals being negotiated by the government if certain provisions are not properly examined, according to participants at the American Iron and Steel Institute’s general meeting.
Trade has been an ongoing issue for steel interests, particularly as some say that while U.S. borders remain relatively open, many countries have restrictions on either imports or exports of steel that cause an uneven playing field. Such restrictions, combined with government-backed industries, or state-owned enterprises, put U.S. steelmakers at a disadvantage, some say (amm.com, May 1). ....





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