ITC ruling on steel dumping another win for US industry
America’s steel industry is on a winning streak, but that doesn’t mean this country can let down its guard when it comes to dealing with its so-called trading partners. At least a half million jobs remain at risk because of foreign-made steel products flooding the U.S. market.
But the latest unanimous ruling by the International Trade Commission against Mexico and Turkey for dumping steel reinforcing bars (rebar) is a great victory for domestic producers, including two in Ohio, Nucor Steel in Marion and Byer Steel in Cincinnati.
Ohio’s two U.S. senators, Democrat Sherrod Brown and Republican Rob Portman, who have been at the forefront of the campaign on Capitol Hill to make steel dumping a front-burner issue for President Barack Obama, were quick to respond to the ITC ruling.
“As American manufacturing continues its steady comeback, it is critical that we fully enforce our trade laws to ensure that American companies compete on a level playing field,” Brown said. “Today’s [Tuesday’s] decision by the International Trade Commission helps ensure that U.S. companies — like Marion’s Nucor Steel and Cincinnati’s Byer Steel — are not further harmed by foreign competitors dumping product into our market.”
To read the full article, click the link below.