AISI Joins American Scrap Coalition

AISI has joined the American Scrap Coalition (ASC), which is urging strong, immediate government action to eliminate the taxes and other market access barriers that numerous offshore governments maintain on their exports of steel scrap.

"The widespread use of steel scrap export taxes and other barriers initiated by foreign governments is one more important example of the uneven international playing field for steel and U.S. manufacturing in general," said Keith E. Busse, AISI chairman and chairman and CEO of Steel Dynamics, Inc. "These export restrictions by governments act as a significant subsidy for their domestic steel and steel-using industries in those countries that restrict scrap exports."

ASC is a coalition of steel scrap-using industries formed in June 2008. For more information, contact Barry Solarz.