"U.S. Steel presses Chinese import ban"


It’s nothing new to see domestic steelmakers rallying against Chinese producers — many, they say, are able to keep their costs low because of government subsidies, making it difficult to compete, and continued production is overwhelming the market.

What is unusual is the complaint United States Steel Corp. filed April 25 with the U.S. International Trade Commission. The complaint is asking the commission to open an investigation against China’s biggest steel producers — and their distributors — under Section 337 of the Tariff Act of 1930. The complaint contends that the producers have used “unfair methods of competition,” a news release said, and is asking for the commission to exclude all unfairly traded steel products from China in the U.S. Pittsburgh-based U.S. Steel in the complaint said that unfairly traded Chinese steel has caused it to lose sales and profits, as well as scale back production and lay off employees. That’s been apparent in Northeast Ohio, as its Lorain plant has struggled mightily in recent years. The plant is currently operating on a limited basis.

Click here for the full article from Crain's Cleveland Business.

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