Economy
Trade Association Leaders Express Support for Ukraine
Written by Tim Triplett
March 5, 2022
In comments on Russia’s invasion of Ukraine, industry trade representatives said they expect limited impact on their members in the U.S., while expressing sympathy for Ukrainian citizens.
“As we monitor the crisis in Ukraine to address any potential impacts to our industry, the safety of the Ukrainian people remains foremost in our minds,” said Kevin Dempsey, president and CEO of the American Iron and Steel Institute (AISI).
“The American steel industry is resilient. The supply chain for steel is secure, and our companies have said they expect little or no impact on their U.S. operations at this time,” Dempsey said.
“The domestic industry has a diverse supplier base and is nimble enough to accommodate a wide range of steelmaking materials to maintain production capabilities. The American steel industry remains ready and able to provide the materials needed to rebuild our infrastructure, increase our energy production and provide for our national security,” he added.
Commented Philip Bell, president of the Steel Manufacturers Association: “The SMA supports democracy, freedom and peace. We stand with the people of Ukraine. As this conflict continues to escalate, we join organizations of conscience around the globe in condemning the war. We hope that this volatile, dangerous situation is resolved soon in a way that minimizes the loss of life, dislocation of innocent people and political uncertainty.”
Richard Chriss, president of the American Metals Supply Chain Institute, expressed similar sentiment. “With the application of sanctions related to Russia’s invasion of Ukraine, all the members of the metals supply chain whom we have the honor to represent stand firm in our commitment to support the laws and regulations of the United States, and, as appropriate, those of other countries.”
He continued: “We also stand firm in our commitment to achieve a world in which all can live together in justice and peace. While U.S. sanctions, and those of other countries, may impose collateral burdens on us and on those we work with, it is important to remember that it is the beleaguered people of Ukraine who are bearing the real burdens of brutal, unprovoked aggression. For them, there is neither justice nor peace. We look forward to the day when peace is restored and justice abides.”
By Tim Triplett, Tim@SteelMarketUpdate.com
Tim Triplett
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