US said facing steel import ‘assault’

May 08, 2014 | 08:14 AM | Michael Cowden

Tags  AIST, Association for Iron and Steel Technology, town hall forum, Nucor, John Farris, ArcelorMittal, Michael Rippey, U.S. Steel Doug Matthews

INDIANAPOLIS — Domestic steelmakers are under an import "assault" and more needs to be done to get the attention of policymakers suffering "fatigue" on trade issues, according to steel industry leaders.

Exacerbating the problem is global steel overcapacity, particularly from China, which is putting pressure on both prices and profits, executives from domestic producers said at a town hall forum at the Association for Iron and Steel Technology’s annual AISTech conference in Indianapolis.

Charlotte, N.C.-based Nucor Corp. is now far more politically engaged on trade than in the past but faces "a bit of fatigue" in Washington on the issue, according to John Farris, vice president and general manager of Nucor Steel Texas.

That’s in part because the industry has been talking about trade issues for more than 14 years and during that time has adapted to survive despite import pressure, he said. But just because the industry isn’t dying doesn’t mean "we’re crying wolf."....





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