ATI CEO Comments on Trade Case Filed Against Grain-Oriented Electrical Steel Imports
09/19/2013 - Allegheny Technologies Inc. president and CEO Rich Harshman comments on the antidumping and countervailing duty petitions filed against seven countries.
Allegheny Technologies Inc. joined together with AK Steel Holding Corp. and the United Steelworkers to file antidumping and countervailing duty petitions on 18 September charging that unfairly traded imports of grain-oriented electrical steel (GOES) from seven countries are causing material injury to the domestic industry. The petitions were filed concurrently with the United States Department of Commerce and the United States International Trade Commission.
“We have evidence that imports from the seven countries are being sold in the U.S. at unfairly low prices and benefitting from government subsidies resulting in declines in production and employment in the domestic industry,” said Rich Harshman, ATI chairman, president and chief executive officer. “We believe in free and fair trade. Our industry must take action against countries that sell their products here at unfairly low prices that significantly undercut domestic market prices, thus injuring our domestic businesses and reducing jobs.
“The U.S. needs a healthy domestic GOES industry. Our products are used to make high-efficiency power transformers used to maintain and improve the reliability and efficiency of the domestic electrical power grid,” he said.
“We have evidence that imports from the seven countries are being sold in the U.S. at unfairly low prices and benefitting from government subsidies resulting in declines in production and employment in the domestic industry,” said Rich Harshman, ATI chairman, president and chief executive officer. “We believe in free and fair trade. Our industry must take action against countries that sell their products here at unfairly low prices that significantly undercut domestic market prices, thus injuring our domestic businesses and reducing jobs.
“The U.S. needs a healthy domestic GOES industry. Our products are used to make high-efficiency power transformers used to maintain and improve the reliability and efficiency of the domestic electrical power grid,” he said.
