Home Scrap Metal Prices Price Regions US Scrap Metal Prices China Scrap Metal Prices India Scrap Metal Prices Europe Scrap Metal Prices Aluminum ScrapBrass/BronzeCopper ScrapCupro-NickelElectronics ScrapLead ScrapScrap Gold Prices (Hallmarked)Scrap Gold Prices (Non-Hallmarked)Stainless SteelSteelMarket News
U.S. needs to maintain strong trade measure to prevent steel import surge - group
Published by
ScrapPrices
Published on June 15,2021 12:00 PM Metals
The American Iron and Steel Institute (AISI) on Tuesday welcomed the Biden administration’s commitment to address the problem of global excess steel capacity, but warned that securing meaningful change would take time.

WASHINGTON (Reuters) - The American Iron and Steel Institute (AISI) on Tuesday welcomed the Biden administration’s commitment to address the problem of global excess steel capacity, but warned that securing meaningful change would take time.

The group’s president, Kevin Dempsey, said it was essential that Washington maintain “strong and effective trade measures to prevent surges in steel imports from around the world that could quickly undermine the U.S. industry and our national security.”

The comments came after a U.S.-EU summit at which the two sides agreed to suspend tariffs in a pair of cases involving aircraft subsidies, a move they said would pave the way for greater cooperation in other areas, including steel and aluminum. The EU is pushing Washington to lift tariffs on steel and aluminum imports by Dec. 1.

MORE METALS NEWS
May 02,2024 07:00 AM
Belgium's Nyrstar (NYR.BR), opens new tab is reactivating the Budel zinc smelter in the Netherlands after a four-month period of care and maintenance.
May 01,2024 08:00 AM
London Metals Exchange(LME) on Wednesday launched a consultation requiring producers of aluminium brands deliverable against its contracts to submit carbon emissions data by March 2025.
April 30,2024 09:00 AM
India's gold demand in the March quarter rose 8% from a year ago, but recent rallies in prices of the precious metal could cut its total consumption in 2024 to the lowest in four years, the World Gold Council (WGC) said on Tuesday.