Steel Products
July 28, 2017
Written by Sandy Williams
At a Section 232 briefing to the Ways & Means Committee on Thursday, Commerce Secretary Wilbur Ross acknowledged the complexity of initiating broad trade action against imports of steel and aluminum.
A “voluntary” agreement to address steel overcapacity was suggested that would allow countries to negotiate a solution to overcapacity and the resulting import surges.
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Though steel prices continue to drop, more buyers are holding off on finalizing transactions.