SMA supports free and fair trade based on the principles of comparative advantage. The same openness should not be extended to illegally traded, dumped and subsidized material. The U.S. cannot allow other nations to directly violate the rules of international trade at the expense of the domestic economy. As such, SMA appreciates the recent outreach of Congressional Steel Caucus Chairman Tim Murphy and Vice Chairman Peter Visclosky urging enforcement of the nation's trade laws.
The U.S. International Trade Commission (ITC) today voted on the final phase antidumping and countervailing duty investigations of hot-rolled flat products from Australia, Brazil, Japan, Korea, the Netherlands, Turkey, and the United Kingdom. The ITC issued affirmative determinations in the vast majority of the cases. Antidumping duties against hot-rolled steel from Turkey were rejected, though countervailing duties against Turkey were affirmed.
Nine steel groups in North, South and Latin America, and Europe, today expressed cautious optimism for the outcomes at the G-20 leaders meeting that concluded [...]
Our colleagues at the Alliance for American Manufacturing today released a new report entitled “Overcapacity in Steel: China’s Role in a Global Problem” - authored by Duke University's Center on Globalization, Governance & Competitiveness. The report analyzes the causes, effects, and public policy solutions to address the steel overcapacity problem. It zeroes in on China’s overinvestment in steelmaking, and how China has been unable, or unwilling, to address the problem with effective solutions.
It is with heartfelt sadness that we share the news of the passing of SMA founder James F. “Jim” Collins. Jim was 90 years old. [...]
China’s role in the global economy may be the most divisive trade issue of the modern era. The country’s explosive growth has positioned it as a leading trade partner to the world’s most powerful nations. But now the Asian superpower says it has earned the right to trade as a market economy, challenging the World Trade Organization and its protections against dumping. MetalMiner explores how the situation arose, how the decision will be made and what’s at stake for American industry and its workers. Learn more here: http://agmetalminer.com/2016/05/16/ch...