Steel Products Prices North America
April 30, 2015
Analysts Push US Steel for Answers on Rumored Trade Cases
Written by John Packard
During the latest slew of earnings conference calls by the domestic steel mills, analysts were relentless in their pursuit of information regarding trade cases which would conceivably impact the flow of imported steel into the United States. The steel mill CEO’s and other mill executives associated with the conference calls were more than willing to point out the impact of what they believe to be “unfairly traded” imports which have been taking market share from the domestic producers.
United States Steel (USS) reported earnings earlier this week and conducted their earnings conference call on Wednesday morning. USS CEO Mario Longhi was prepared to deal with the questions about possible trade cases as well as the move the domestic mills have been making to lobby the U.S. Congress to change the definition of “injury” which would make the filing of cases easier for the domestic mills.
