Trade Cases
September 3, 2015
Trade Remedies: The Good, the Bad, and the Ugly
Written by Sandy Williams
Trade discussion at the 2015 SMU Steel Summit Conference brought a number of conflicting views. Well before the Trade Panel began their formal presentations on Tuesday, attendees at the conference heard a number of comments on imports, steel overcapacity and whether the trade cases that have been initiated will help or hurt the US steel industry.
Early on Tuesday, Paul Lowery highlighted the reasons for the surge of steel imports to the US, citing a strong US dollar that makes export to the US favorable as well as ongoing steel overcapacity. Currently world steel capacity is at 2,285 million tonnes with an excess of 600 million tonnes, most of it in China.
