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Longhi says U. S. Steel Section 337 Case ‘Solid’
05/17/2016 - The U.S. International Trade Commission (ITC) is to decide by next week whether to pursue an investigation into U. S. Steel Corp. allegations that Chinese producers have violated trade rules. In the meantime, president and CEO Mario Longhi is refraining from speculating on the odds that the case advances.
“We shall see,” he said, speaking during a press conference at AISTech 2016.
U. S. Steel last month filed what’s known as a Section 337 complaint with the ITC, contending that the largest of Chinese producers have conspired to fix prices, stolen trade secrets and evaded trade duties by mislabeling products.
The complaint goes above the more routine anti-dumping cases among countries. In this instance, U. S. Steel is alleging widespread cheating, and if it ultimately prevails, the ITC could issue an order barring the offending products from entering the market.
Longhi said the company believes it has a solid case, adding that it wouldn’t have brought it forward had it believed otherwise.
On another front, Nucor Corp. chief executive John Ferriola said that regardless of who wins the U.S. presidential election, the steel industry will expect the successful candidate to follow through on promises to address imported products that are being unfairly traded.
Ferriola, who was in Pittsburgh, Pa., USA, to accept AIST’s 2016 Steelmaker of the Year award and also participated in the press conference, said the degree to which unfairly traded imports have become a campaign issue speaks to the level of the problem and the impact it has had on the economy and middle-class workers.
U. S. Steel last month filed what’s known as a Section 337 complaint with the ITC, contending that the largest of Chinese producers have conspired to fix prices, stolen trade secrets and evaded trade duties by mislabeling products.
The complaint goes above the more routine anti-dumping cases among countries. In this instance, U. S. Steel is alleging widespread cheating, and if it ultimately prevails, the ITC could issue an order barring the offending products from entering the market.
Longhi said the company believes it has a solid case, adding that it wouldn’t have brought it forward had it believed otherwise.
On another front, Nucor Corp. chief executive John Ferriola said that regardless of who wins the U.S. presidential election, the steel industry will expect the successful candidate to follow through on promises to address imported products that are being unfairly traded.
Ferriola, who was in Pittsburgh, Pa., USA, to accept AIST’s 2016 Steelmaker of the Year award and also participated in the press conference, said the degree to which unfairly traded imports have become a campaign issue speaks to the level of the problem and the impact it has had on the economy and middle-class workers.
