WTO decision draws mixed reviews

Jul 15, 2014 | 05:52 PM | Nat Rudarakanchana

Tags  World Trade Organization, WTO, China, India, steel, seamless pipe, countervailing duties, Commerce Department trade investigation

NEW YORK — The World Trade Organization (WTO) panel rulings on China, India and the U.S. trade investigation system has drawn mixed reactions from industry observers.

The WTO found that Indian steelmakers did not benefit from some government subsidies (amm.com, July 14).

The rulings question and potentially undermine the right of the U.S. government to retaliate against subsidy-backed imports into the country, the American Iron and Steel Institute (AISI) said.

"Foreign government subsidization of steel production in countries like India and China has led to massive global overcapacity and repeated surges of unfairly traded imports into the U.S. market, injuring U.S. steel producers and their workers," AISI president and chief executive officer Thomas J. Gibson said in a statement. "AISI is therefore concerned anytime a WTO dispute settlement panel calls into question the ability of the U.S. government to exercise its rights under the WTO agreements to countervail imports benefitting from such subsidies." ....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results