Steel executives push for fair trade
Jul 16, 2013 | 03:42 PM
| Samuel Frizell
NEW YORK Executives from many of the countrys largest steel companies met with senators and government officials on Capitol Hill July 16 to push for action against unfair trade practices, arguing that lackluster U.S. demand leaves no room for unfairly traded imports.
"While the economy is growing slowly in 2013, steel shipments and demand are not growing," Michael T. Rehwinkel, executive chairman of Evraz Inc. North America, told reporters on a media call following the event organized by the American Iron and Steel Institute. "Government intervention is creating global steel overcapacity, which is leading to a surge in steel imports to the United States."
Also in attendance were Nucor Corp. president and chief executive officer John Ferriola; Gerdau Long Steel North America president Guilherme Johannpeter; senior vice president for U.S. Steel Corp.s North American flat-rolled operations, Mike Williams; and AISI president and chief executive officer Thomas Gibson. They met with newly appointed U.S. Trade Representative Michael Froman, Sen. Sherrod Brown (D., Ohio), Sen. Jeff Sessions (R., Ala.) and Sen. Ron Wyden (D., Ore.), as well as U.S. Commerce Department officials.....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.