Steel Products Prices North America
September 7, 2014
Steel Summit Debate on Imports
Written by Sandy Williams
Are foreign steel prices too low or are US steel prices too high? That is a question faced by trade litigation attorneys Robert Schagrin and Lewis Leibowitz at the recent SMU Steel Summit conference in Atlanta. There is a $300 delta between China and US prices and a $200 delta between Europe and the US prices. The consensus by attendees at the conference seemed mixed depending on their industry focus.
Schagrin and Leibowitz are frequent combatants on opposite sides of trade cases submitted by the US steel industry. Schagrin argues on the side of the petitioners while Leibowitz defends the interests of steel consumers and international producers. Following historical background presented by Paul Lowrey, Managing Director of Steel Research Associates, the attorneys offered their perspectives on steel imports and the impact trade cases have on the industry.
