Economy
April 17, 2016
China Subsidy Elimination Not Enough for USW
Written by Sandy Williams
During the Steel Caucus hearings last week USW International President Leo Gerard articulated the plight of more than 13,500 U.S. steelworkers that are currently holding layoff notices and the need for immediate action to address the flood of foreign steel imports and global overcapacity.
“The current steel crisis is primarily caused by unfair foreign trade that includes dramatic expansions of global overcapacity,” said Gerard. “The largest source is China, which currently has more than 400 million metric tons of overcapacity.
