Schumer, Gillibrand Step Up Push to Protect Klein Steel, A Company in Rochester, Buffalo & Albany, Against Dumping of Cheap Foreign Steel – Urge…
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Schumer, Gillibrand Step Up Push to Protect Klein Steel, A Company in
U.S. Senators
Klein Steel, and rebar producers and sellers across the country brought up their case in September of last year. Senators Schumer and Gillibrand wrote a letter to the
Commerce also found that at least one of
"
"American steel rebar manufacturers and workers play by the rules, and it is essential that we ensure foreign competitors are doing the same, and that is why I have urged the
"To stimulate economic growth, we must make sure our manufacturers are on a level playing field with their foreign counterparts," said
"We strongly believe that it is in the best interest of our country and our company to ensure the security of our domestic steel producers by keeping the 'playing field' level," said
Schumer and Gillibrand, along with 34 other senators, wrote a letter to ITC Chairman
Schumer and Gillibrand noted that conditions have deteriorated to such an extent that some U.S. producers have been forced to close production, while others have had to lay off workers, slash hours, and cut pay to stay afloat.
Senators Schumer and Gillibrand were joined by the following Senators:
Dumping is when a foreign company exports their goods into
Rebar is one of the largest volume steel products produced in the U.S., employing more than 10,000 workers in over 30 states. Klein Steel sells rebar in all three of its Upstate New York locations--
With nearly 7 million tons of domestic production, a healthy rebar industry is critical to a strong economy. However imports from
A copy of the Senators' letter to
Dear Chairman Broadbent:
We are writing to express support for the U.S. steel reinforcing bar ("rebar") producers and their workers, and to encourage the
As the Commission is aware, rebar is used primarily by the construction industry to strengthen concrete structures and is an essential component of American infrastructure. The domestic industry should be benefitting from the modest recovery in construction demand in the wake of the recession.
Instead, the industry has faced a continuous onslaught of unfairly traded imports, which has had a negative impact on rebar producers and their families.
Since 2010, these imports have flooded the U.S. market at the direct expense of U.S. producers, who have seen their share of the market drop dramatically. Capacity utilization rates are at historically low levels - near 60 percent - and production levels have yet to recover from the recession. Profitability has collapsed and returns on investment have been inadequate. Indeed, conditions have deteriorated to such an extent that some U.S. producers have been forced to close production, while others have had to lay off workers, slash hours, and cut pay to stay afloat.
The U.S. rebar industry is a major segment of the U.S. steel industry with over seven million tons of production a year. The industry employs thousands of direct rebar workers in several dozen states, and supports tens of thousands of additional jobs throughout the country. These jobs are in jeopardy.
On behalf of the U.S. rebar industry and the workers and their families who depend on the full and fair enforcement of our trade laws for their survival, we urge you to give careful consideration to their arguments regarding investigations involving
Thank you in advance for your time and consideration of this critical issue.
Sincerely,
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