Chesterton Tribune



Manufacturing trade group blasts China on steel overcapacity

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On the eve of the Global Forum on Steel Excess Capacity’s meeting in Berlin, the president of the Alliance for American Manufacturing, Scott Paul, released the following statement on Wednesday.

“It's time for China to pay its tab.

“The domestic steel sector continues to be plagued by China's massive industrial overcapacity, which is fueled by state-subsidies. Beijing acknowledged its overcapacity a decade ago, yet Chinese steel mills continue to flood the global market at the cost of U.S. factory jobs.

“Since the campaign trail, President Trump promised to stop China's predatory trade practices but has delayed action on open steel and aluminum investigations since July. Meanwhile, tens of thousands of steelworkers are facing layoffs, and at least two Pennsylvania steel mills have announced closures in the face of rising imports.

“Our workers and steel makers need significant, enforceable outcomes to save factory jobs. Regular meetings won't cut it unless countries like China face consequences tied to its overcapacity--and the global community must step up to take meaningful action if President Trump won't.”

And--in a letter to President Trump urging him to directly press China--Paul said the following: "Without the definite agreement and active participation of major global steelmaking countries to sharply reduce global overcapacity, and to do so promptly, it is necessary to take broad action to safeguard American jobs and our ability to produce steel for national security purposes. This includes an immediate conclusion to the Section 232 investigations you initiated in April regarding the national security implications of imports of steel and aluminum.”

The Alliance for American Manufacturing (AAM) is a non-profit, non-partisan partnership formed in 2007 by some of America’s leading manufacturers and the United Steelworkers. Its stated mission: “to strengthen American manufacturing and create new private-sector jobs through smart public policies.”





Posted 11/30/2017




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