Reed Announces Big Win for Local Steel Manufacturers
Congressman Tom Reed Tuesday announced a big win for local steel manufacturers: the U.S. International Trade Commission (ITC) will maintain the trade remedy on hot-rolled steel from China, India, Indonesia, Taiwan, Thailand and Ukraine. As a result, U.S. steel manufacturers, including Nucor Vulcraft in Chemung, will benefit from ITC protections against unfairly-traded imports.
“This is a big win for the entire United States steel industry and the jobs and industries it supports,” Congressman Reed said. “The success of our local steel manufacturers depends on our ability to create a level playing field for them. Unfair competition dumped into our U.S. market would surely mean less investment and growth from our U.S. manufacturers and I am thrilled we are taking steps to prevent that unfair activity. Today’s news is a positive for steel manufacturers, particularly district manufacturer Nucor Vulcraft in Chemung, as they will be able to continue their work to strengthen our economy.”
"Today’s vote by the bipartisan U.S. International Trade Commission to maintain the existing trade remedy on hot-rolled steel from China, India, Indonesia, Taiwan, Thailand and Ukraine will help ensure that Nucor teammates across the United States are not injured by unfairly traded imports," said Mike Heine, Vice President and General Manager of Vulcraft New York. "I commend Congressman Reed for his efforts to prevent unlawful trade practices from destroying strong American jobs, and hampering a lasting economic recovery.”
The announcement comes following a letter Congressman Reed and Ways and Means Committee colleagues sent to the ITC asking that the ITC renew the countervailing (CVD) and anti-dumping (AD) duties on imports from these countries.