Steel Mills
July 20, 2017
Holistic Solution Needed for Imports, Says Nucor CEO
Written by Sandy Williams
Nucor CEO John Ferriola said that in the current challenging environment, he is encouraged by second-quarter results, but not satisfied.
Illegally traded imports continue to be a problem in the United States for Nucor and the domestic steel industry, Ferriola said during the company’s second-quarter conference call. He cited a 15 percent year-over-year increase in finished steel imports during the first half of 2017. Imports claimed 29 percent of market share in June 2017, the same as the record annual levels set in 2015. Year-to-date import market share is at 27 percent. “Further evidence,” he said, “that traditional trade cases are very often too slow to keep up with the shifting tactics of nations that are abusing the rules of trade.”
