ITC made the right call on hot-rolled steel imports

Posted by mmcmullan on 12/18/2013

Yesterday the International Trade Commission (ITC) announced the findings of its five-year review of countervailing duty (CVD) and antidumping (AD) orders placed on imports of hot-rolled steel from a handful of countries. But you know what, enough with the alphabet soup for a second. What was this case all about? From Joseph S. Pete at the Northwest Indiana Times:

The (ITC) ruled Tuesday that revoking existing duties on hot-rolled steel products from six foreign countries would cause economic damage to U.S. steelmakers and harm steelworkers, at least for the foreseeable future.

So the orders have been upheld. That’s a big deal; the steel products in question are hugely important to our domestic steel industry, because, no kidding, hot-rolled steel goes into just about everything. Cars, trains, appliances … you name it. Without those orders, the American steel industry’s health – and therefore, the thousands of manufacturing jobs it supports – would have been put at risk by international competition that competes with the benefit of heavy government subsidies.

Here’s some info on the case in favor of extending the CVD and AD orders. And here’s our press release that praises the ITC ruling.

Photo by Flickr user Erik Charlton used following Creative Commons guidelines.

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