Steel Mills

Longhi Talks Antidumping in WV
Written by Sandy Williams
June 10, 2014
A federal crackdown is needed on the import and dumping of cheap products in the U.S. said US Steel Corp CEO Mario Longhi to attendees at the West Virginia Manufacturers Association Leadership Summit on Monday.
Longhi, known for his strong stance on foreign import trade regulations, told manufacturers at the meeting that stronger trade laws are necessary to protect West Virginia coal jobs and maximize the benefit from oil and natural gas shale development.
Oil and gas energy development can lead to a resurgence of U.S. manufacturing said Longhi. He reiterated the need to fight dumping of OCTG products from South Korea that are used in the oil and gas industries. Longhi reminded attendees that the steel industry won its battle against China dumping of OCTG products in 2009 but lost growth potential during the period.
“The energy boom created a very significant opportunity, but the market share was captured by imports,” Longhi said. “The domestic suppliers never had the chance to compete on a level playing field. And here we are again, two and a half years later, having to fight the same battle.”
The anti-dumping cases should concern West Virginia coal makers, because domestic OCTG steel products are made using metallurgical coal, he said.
Government regulation, unclear tax codes and energy policies, and lack of guidance are holding back economic growth said Longhi.
“It’s a very complex situation that is basically being created by our own government.”
(Source: Charleston Daily Mail)

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.

Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.

USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.

SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.

POSCO inks MoU with Hyundai on Louisiana EAF mill
POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.