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TimkenSteel CEO attends Trump signing of steel dumping memo-The 18th China(Guangzhou)Int’l Metal &Metallurgy Exhibi
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4/25/2017 steel expo-metal &metallurgy expo |
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Inde Online.com reported Mr Tim Timken chairman, chief executive officer and president of TimkenSteel Inc attended the signing by US president, along with Ryan Stenger, the company’s vice president of government relations. Leo W Gerard, president of the United Steelworkers International, also attended. He said that “Our problem today is that no matter how smart our engineers, no matter how skilled our operators, no matter how efficient our operations, we can’t win when others are engaged in unfair trade practices.”
In a statement issued after the event, Timken called Trump’s announcement good news for the steel industry. There is an over capacity in steel production world wide and the situation is prompting companies to sell steel under market value and lower, subsidized prices make it harder for US steel companies to compete, he said.
Timken said that “Our problem today is that no matter how smart our engineers, no matter how skilled our operators, no matter how efficient our operations, we can’t win when others are engaged in unfair trade practices.”
Mr Gerard said the American steel companies have been been undercut by trading partners who steal market share. He said that “It’s about time that action like this was initiated. Our trade laws are fundamentally broken and workers bear the brunt of the impact.”
-The
18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
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