PITTSBURGH The U.S. government must insist on
Chinas full compliance with World Trade Organization
(WTO) rules to help level the playing field for domestic
stainless steel manufacturers, Allegheny Technologies
Inc.s (ATIs) chairman, president and chief
executive officer Richard Harshman said.
The stainless industry has changed dramatically with the rise
of Chinese manufacturing, which rose to 36 percent of global
stainless production in 2010 from 13 percent in 2005, ATI
Harshman said in his keynote address at the Association for
Iron and Steel Technologys AISTech 2013 conference and
exposition in Pittsburgh.
The only question is whose rules they play by, he
said. U.S. and European policymakers must engage and
insist on Chinas full WTO compliance, including an end to
Harshman also cited a rise in industry consolidation driven by
customer demand for fewer and more capable
suppliers as one of the key trends in the modern
stainless market, noting that Pittsburgh-based ATI has been
forced to adapt.
We believe in U.S. manufacturing. We believe we can
compete and be successful in a global economy. But to compete
on a global basis, ATI must have the most advanced
technologies, the most innovative products, and provide
customers with a competitive cost structure, he said.
The pace of change now is greater than what I have seen
in 35 years in this business. The markets we serve are more
global, our competitors are more capable and our customers are
more demanding, he said. And we believe that the
status quo loses.