1. Crown Capital Eco Management
Political Industry Leaders Aim to Bolster Steel’s
Status in u.S.
http://crowncapitalmngt.wordpress.com/2013/04/16/crown-capital-eco-management-political-
industry-leaders-aim-to-bolster-steels-status-in-u-s/

2. In the next few years, political and business leaders say trade groups will
play an increasingly important role advocating on behalf of the steel industry. They
say it also will be important to push current and future White House administrations to
develop policies supporting the manufacturing sector, which likely will include
discussions on how to handle international trade relations.
Photo Courtesy of :
precisiongrinding.com

3. Lack of Consensus
International trade has been one of the strongest lobbying
platforms the domestic steel industry has promulgated as
the share of imports consumed has grown in the last few
decades.
In the last few legislative sessions, U.S. Rep. Pete
Visclosky, D-Merrillville, said there hasn’t been a majority of
members in the House or Senate who have been willing to
take “forceful, compelling action on trade.” Visclosky has
backed legislation to add countervailing duties on imports
from countries that have an undervalued currency. The
House passed the measure in 2010, but it died in the
Senate. The following year, the Senate approved a similar
measure, but it wasn’t brought to the House floor for a vote.

4. “That’s not getting the job done,” Visclosky said. “And that’s
(just) one example.”
In the future, Visclosky said it will be important for the
government to respond faster with trade remedies.
Typically, petitions are filed seeking trade relief after the
industry has suffered significant damage and jobs are lost.
He said if the system were improved to compress the time
frame for trade cases and so customs personnel could spot
duty violations, the domestic industry would benefit greatly.

5. “Steel, while It’s profitable today, remains under
great competitive pressures,” Visclosky said.
Thomas Gibson, American Iron and Steel Institute
CEO, said the industry has received good support
from the Department of Commerce and individuals
working in trade relations with the government.
However, he said would like to see more support
from the Oval Office.

6. “Steel, while It’s profitable today, remains under
great competitive pressures,” Visclosky said.
Thomas Gibson, American Iron and Steel Institute
CEO, said the industry has received good support
from the Department of Commerce and individuals
working in trade relations with the government.
However, he said would like to see more support
from the Oval Office.