Steel Products
Caucus Urges Trump to Talk Steel in China
Written by Tim Triplett
November 8, 2017
Members of the Congressional Steel Caucus sent a letter to President Trump Tuesday urging him to defend the American steel industry and its workers during his visit to China this week.
Signed by Co-Chairman Mike Bost (R-IL), Co-Chairman Rick Crawford (R-AR), and Vice-Chairman Peter J. Visclosky (D-IN), the letter specifically asks the president to address the issues of chronic global steel overcapacity, illegal government subsidies and state-owned enterprises, and other trade distorting practices that have injured the American steel sector.
{loadposition reserved_message}
“American steelworkers are constantly threatened by the unfair trade practices of China. Today, China produces more steel than every other country in the world combined and contributes over half of the 700 million metric tons of global steel overcapacity. We know that America makes the most innovative and cost-effective steel in the world, but we cannot compete against China when they do not follow trading norms,” the letter reads.
The letter further states that the Chinese steel industry, which is dominated by large state-owned enterprises, has not followed through on pledges to reduce overcapacity. And China has consistently sold products at less than fair market value to offload their overcapacity to other countries.
“China must do more to address these issues and ensure that their steel producers are operating by fair market principles,” the congressmen wrote, sending a plea to President Trump to “defend the American steel industry, which is essential to our country’s national economy and our national security.”
Editor’s note: Reports out of China indicate that it has taken some steps to cut some obsolete capacity. Chinese exports to the United States have slowed to a crawl because of stiff antidumping and countervailing duties.

Tim Triplett
Read more from Tim TriplettLatest in Steel Products

Don’t miss next week’s Community Chat with Algoma Steel CEO Michael Garcia
Algoma Steel CEO Michael Garcia will be the featured guest on SMU’s Community Chat webinar on Wednesday, April 9, at 11 a.m. ET. Register here for free to join the timely conversation. As a key Canadian flat-rolled steel producer and supplier to the US, Algoma can offer valuable insight into the evolving tariff landscape — its challenges […]

AISI: US steel shipments decline in February
Domestic steel shipments decreased month over month and year on year in February, according to the latest data from the American Iron and Steel Institute (AISI).

US, offshore HRC prices differ widely on tariff situation
Domestic hot-rolled (HR) coil prices declined this week, a trend again reflected in most offshore markets. Despite similarities, the shifting tariff landscape has made for a wild ride in Q1.

Atlas Tube debuts ‘HSS Connections Hub’
Atlas Tube, part of Zekelman Industries, has introduced an engineering resource aimed at simplifying Hollow Structural Sections (HSS) connection design for structural engineers and fabricators.

Nucor keeps HRC price unchanged
Nucor paused its weekly hot-rolled (HR) coil price this week, keeping it flat for the first time since Jan. 21. This comes after a nine-week rally that saw the company increase prices by double-digits for eight of those weeks.