American Iron and Steel Institute Welcomes Preliminary U.S. Commerce Department Decision on Steel Pipe From China

WASHINGTON, D.C., September 10, 2009 – The American Iron and Steel Institute (AISI) issued a statement today strongly supporting the preliminary U.S. Commerce Department decision to impose countervailing duties on Chinese oil pipe products coming into the U.S. market.    Following is the statement, by Thomas J. Gibson, president and CEO of AISI:

“AISI strongly supports the Commerce Department’s preliminary decision to impose countervailing duties on Chinese oil pipe products.

This case is all about enforcing trade laws on the books that are designed to address unfair trade practices, such as China exhibited by shipping highly injurious levels of subsidized oil country tubular goods (steel pipe used primarily in the oil and gas industries) into the U.S. market between 2006 and 2008. This surge of imports was not the result of market forces, but was driven by numerous unfair practices that benefit Chinese mills – such as the extensive government subsidies identified by the Commerce Department.

The favorable Commerce Department decision has everything to do with allowing U.S. steel producers to compete on a level playing field unhindered by unfair trade practices. Full and strict enforcement of our countervailing duty laws against subsidized steel and other manufactured products from China will remain critical to the future of manufacturing investment and employment in the United States.”

AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the material of choice.  AISI plays a lead role in the development and application of new steels and steelmaking technology.  AISI is comprised of 24 member companies, including integrated and electric furnace steelmakers, and 138 associate and affiliate members who are suppliers to or customers of the steel industry.  AISI's member companies represent over 75 percent of both U.S. and North American steel capacity.  For more news about steel and its applications, view AISI’s Web site at www.steel.org.

Contact:
Nancy Gravatt
Vice President, Communications
American Iron and Steel Institute
Tel: 202.452.7115