WASHINGTON, DC– 4 of the main home metal trade associations and the United Steelworkers union in the present day urged President-elect Joe Biden to make sure metal tariffs and quotas, put in place in 2018 to guard nationwide safety, are preserved.
In a letter to the president-elect, the American Iron and Metal Institute (AISI), Metal Producers Affiliation (SMA), the United Steelworkers union (USW), The Committee on Pipe and Tube Imports (CPTI) and American Institute of Metal Development (AISC), urged that, “Continuation of the [steel] tariffs and quotas is important to making sure the viability of the home metal trade within the face of this huge and rising extra metal capability. Eradicating or weakening of those measures earlier than main metal producing international locations get rid of their overcapacity –and the subsidies and different trade-distorting insurance policies which have fueled the metal disaster — will solely invite a brand new surge in imports with devastating results to home metal producers and their staff.”
The letter states that the OECD final 12 months projected that metal overcapacity would develop to 700 million metric tons in 2020 – eight occasions the full metal output of the US final 12 months. China, Vietnam and Turkey, amongst others, proceed to extend their metal manufacturing even because the pandemic has brought about demand for metal to drop world wide. Korea, Russia, Ukraine, Indonesia and others proceed to export massive shares of their metal manufacturing to different markets.
“Sadly, the metal trade’s restoration was set again by the COVID-19 pandemic, which brought about a major drop in demand final spring, forcing painful job cuts as metal mills, fabricators and pipe and tube mills both in the reduction of manufacturing or shut down totally. As clients have restarted manufacturing, the metal trade has begun to recuperate, however we stay very susceptible to new surges in imports,” the teams wrote.
“We stand able to work along with your administration to handle the worldwide commerce distortions in metal that proceed to threaten our trade and its staff,” they concluded.
The complete model of the letter could be discovered here.
AISI – Lisa Harrison, email@example.com, 202.452.7115
SMA – Annie Stefanec, firstname.lastname@example.org 202.296.1515
USW – Jess Kamm Broomell, email@example.com, 412-562-2444
CPTI – Tamara Browne, firstname.lastname@example.org, 202.763.7770
AISC – Dani Friedland, email@example.com, 312.670.5439