Steel Imports Decline In October; Concern Doesn't

Jan. 13, 2005
By John S. McClenahen A decrease in shipments of foreign-produced reinforcement bars and semifinished products were primarily responsible for October's 6% decline in steel imports, reveal the most-recent U.S. Commerce Dept. data. However, imports of ...
ByJohn S. McClenahen A decrease in shipments of foreign-produced reinforcement bars and semifinished products were primarily responsible for October's 6% decline in steel imports, reveal the most-recent U.S. Commerce Dept. data. However, imports of steel products for the first 10 months of this year were 12% from the comparable 1999 period. Imports of semi-finished steel were up 7%; finished steel imports were up 14%. Steel prices remain depressed in the U.S., and the Clinton Administration's steel strategy, announced July 26, seems to have had little effect so far. Congress has gotten into the act, with a controversial provision sponsored by Sen. Robert Byrd (D, W.Va.) promising to channel anti-dumping duties to U.S. steelmakers. And when the final report of the federal Trade Deficit Review Commission was released two weeks ago, George Becker, president of the United Steelworkers of America, charged that a 30-year history of unfair trade practices and steel-market distorting trade policies "have wiped out vast numbers of jobs, communities, and the steel companies that support them across the United States."

Continue Reading

Popular Sponsored Recommendations

What Does Agility Look Like for Today's Auto Industry?

Dec. 4, 2023
Without modern technologies, enterprises aren't able to fully analyze the risks and respond to ongoing supply chain issues and semiconductor shortages.

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Smarter Savings for Manufacturers - Guide

Sept. 12, 2023
Enhance your service experiences and boost revenue while reducing costs. Learn how one platform can help your business be more agile and productive in today's market.

The Manufacturer's Guide to Transforming the Service Experience.

Sept. 11, 2023
Learn how a unified data platform can make your service experiences more efficient while reducing costs. Turn your service center into a profit center and map your service transformatio...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!