Price on trade: The excess capacity threat moves closer to home

Written by Alan Price & John Allen Riggins

The Global Forum on Steel Excess Capacity (GFSEC) reaffirmed on Oct. 8 what domestic steel producers have long known—the threat of excess steel capacity never disappeared and is evolving.

China’s steelmakers are boosting capacity and exports, echoing the 2016 global steel crisis. There is no doubt that China is successfully weaponizing excess capacity across many industries. And the fatal damage to domestic production and national security undermines the interests of all market-oriented countries. The question now is: How will GFSEC countries respond?

Alan Price

Price has more than 30 years of experience representing clients in high-profile, complex international trade regulatory matters, including trade litigation involving public and government relations issues. In addition to being chair of the firm’s International Trade Practice, he heads the firm’s antidumping and countervailing duty practice. He also counsels clients on bilateral and multilateral agreements, trade legislation, customs regulation, Foreign Corrupt Practices Act (FCPA) compliance issues, escape clause investigations, and World Trade Organization (WTO) dispute resolution.

John Allen Riggins

Riggins advises in matters related to trade remedies, national security, supply chains, trade policy, and digital trade. He represents client interests in a variety of international trade remedy proceedings before the Department of Commerce (DOC) and International Trade Commission (ITC) and related litigation before the US Court of International Trade (CIT) and the US Court of Appeals for the Federal Circuit (CAFC). Riggins has represented domestic producers in a wide array of industries, including steel, aluminum, wood, wind energy, transportation, and photovoltaics products.