In the midst of the ferrous scrap dilemma of high prices and distressed metalcasters, a pendulum is being pulled from both sides. The Emergency Steel Scrap Coalition and the Institute of Scrap Recycling Industries Inc. (ISRI) are currently fighting each other to draw the government in their direction. The issue-what actions should Congress and the Bush Administration take in handling the increased domestic scrap prices in lieu of global exports. Even though the situation is said to affect thousands of workers in iron and steel industries, a distinct dividing line exists that separates opinion. The Coalition feels due to the inflated domestic costs resulting from high volumes of exported scrap, the government needs to impose limits on scrap exports and help reduce suppliers' surcharges. It believes this would alleviate a burden on domestic users of scrap and help rejuvenate their businesses. Similar controls (tariffs on exported scrap were carried through between 1973 and 1974.
展开▼
