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US Steel Groups and Union Urge Biden to Keep Trump's Steel Tariffs; Biden's Stance Unclear
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2021-01-14
The U.S. steelmakers and union groups called on president-elect Biden to keep in place Trump's steel tariffs which they claimed to be critical in the survival of the American steel industry. They said cancelling or reducing the tariffs will lead to drastic steel import. The American steel industry has been calling for the last few months on the incoming regime to work with trade partners to force China to cut overcapacity which is pulling down global steel prices.
The COVID virus caused a setback in the recovery of the steel industry and a significant drop in the demand last spring. Steelmakers either had to reduce production, or shut down and lay off employees. OECD expected excess production by the global steel industry to increase 700 million tons in 2020. Despite the global steel demand is decreasing due to the virus, China, Vietnam and Turkey continue to increase steel capacity. However, Biden has yet to reveal how he will handle the steel and aluminum tariffs.
The COVID virus caused a setback in the recovery of the steel industry and a significant drop in the demand last spring. Steelmakers either had to reduce production, or shut down and lay off employees. OECD expected excess production by the global steel industry to increase 700 million tons in 2020. Despite the global steel demand is decreasing due to the virus, China, Vietnam and Turkey continue to increase steel capacity. However, Biden has yet to reveal how he will handle the steel and aluminum tariffs.
U.S. steel union
Joe Biden
tariffs
overcapacity
美國鋼鐵聯盟
喬拜登
關稅
產能過剩
扣件
國際展會
惠達雜誌
匯達實業
外銷媒合
廣告刊登
螺絲五金
五金工具
紧固件
台灣扣件展
印度新德里螺絲展
越南河內螺絲展
墨西哥瓜達拉哈拉螺絲展
美國拉斯維加斯螺絲暨機械設備展
波蘭克拉科夫螺絲展
義大利米蘭螺絲展
德國司徒加特螺絲展
wire Dusseldorf
FASTENER FAIR INDIA
FASTENER FAIR VIETNAM
FASTENER FAIR MEXICO
FASTENER POLAND
FASTENER FAIR ITALY
FASTENER FAIR GLOBAL
FASTENER WORLD
