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US to release steel import findings in 232 review soon-The 18th China(Guangzhou)Int’l Metal &Metallurgy Exhibi
tion
6/14/2017 steel expo-metal &metallurgy expo |
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Bloomberg reported that White House spokesman Mr Sean Spicer said that US President Donald Trump’s administration will as soon as this week release results of its investigation into the impact of steel imports on US national security.
Mr Spicer, referring to a seldom-used section of the 1962 Trade Expansion Act, told reporters that “Commerce Secretary Mr Wilbur Ross should have a further update on the 232 review later this week. When that comes out, there are certain recommendations that will be made to Congress to address anti-dumping provisions in the steel and aluminum and other markets.”
If the department finds evidence of a national-security threat from foreign steel shipments, the president is authorized to unilaterally “adjust imports,” which could include limiting or restricting them.
Trump said last week his administration would take measures “very soon” to stop foreign firms from selling steel in the US at artificially low prices.
When the section 232 probe was launched in April, Ross argued that China had failed to deliver on promises to reduce excess steel capacity, a situation that he said was hurting the US steel industry. China has noted that its shipments to the US are low end steel products that local producers aren’t willing to make and that it accounts for a small volume of total U.S. imports.
The Commerce Department is conducting a separate section 232 investigation into aluminum imports and it will holding a public hearing as part of that review on June 22.
-The 18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
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