insight: US steel tariffs working, but overcapacity persists

摘要

the Section 232 tariffs are having the intended effect of lowering US steel import levels, but there is still more work to be done to address the underlying issue of global steel overcapacity, US steel industry executives told US lawmakers last week.“Restarts, rehires and reinvestments in our people and facilities are tremendously positive news, yet view this for what it is: a recovery,” US Steel CEO David Burritt said, testifying at a Congressional Steel Caucus hearing on the state of the US steel industry, held March 27 in Washington. “For years, deep damage has been inflicted by floods of foreign steel into our open market ... The US steel industry is still vulnerable. Now is not the time to blink.”