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Steel rebar imports hurting Nucor in Auburn - Rep John Katko-The 18th China(Guangzhou)Int’l Metal &Metallurgy&
nbsp;Exhibition
5/23/2017 steel expo-metal &metallurgy expo |
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US Rep John Katko testified at an International Trade Commission hearing Thursday in support of Nucor Steel in Auburn and warned of the impact steel rebar imports are having on the local mill. Mr Katko''s remarks come as the commission is on the verge of determining whether rebar imports from Japan Taiwan and Turkey are having a negative impact on the US steel industry.
In his testimony, Katko, R-Camillus noted that the three counties have flooded the U.S. market with rebar. Over the last three years, rebar imports from Japan, Taiwan and Turkey have increased by 160%.
Mr Katko said that "Without relief, these conditions will continue and worsen.”
He said that "The United States can no longer sit back and watch as its essential industries like steel are destroyed by foreign companies unfairly selling their products in the US markets.”
The hearing was held days after the US Commerce Department found that rebar imports from Japan and Turkey have been sold in the US at unfair prices. The agency also singled out Turkey for importing rebar that is heavily subsidized by the country''s government.
-The
18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
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