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This from the American Scrap Coalition.
The American Scrap Coalition (www.scrapcoalition.com) today released
its newly compiled list of foreign trade barriers to steel scrap, and
called for the removal of these barriers. The Coalition identified
more than 25 countries that have imposed barriers on the trade of steel
scrap and other raw materials, harming U.S. scrap-consuming companies
and their workers.
The full release is below the fold.
July 24, 2008
Contact: Alan Price, 202.719.3375
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Tom Danjczek, 202.296.1515
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Tim Brightbill, 202.719.3138
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Coalition Urges Removal of Scrap Trade Barriers in 25 Countries
American Scrap Coalition Releases List of Foreign Trade Barriers
Washington, DC—The American Scrap Coalition (www.scrapcoalition.com) today released its newly compiled list of foreign trade barriers to steel scrap, and called for the removal of these barriers. The Coalition identified more than 25 countries that have imposed barriers on the trade of steel scrap and other raw materials, harming U.S. scrap-consuming companies and their workers.
“We are calling on the U.S. Government to negotiate where appropriate, and to take legal action where appropriate,” said Alan Price of Wiley Rein LLP, counsel to the Coalition.
“Four years ago, when we first faced this problem, we suggested limiting U.S. exports of steel scrap,” said Tom Danjczek, president of the Steel Manufacturers Association. “At that time, the U.S. Government said they were not interested in this, and that the focus should be on removing foreign trade barriers. If that is still the case, it is now time for the U.S. Government to get serious.”
“The increase in scrap prices is unprecedented in the 40 years I’ve been in business,” said Al Lucchetti, President, The Cumberland Foundry Co., Inc., Cumberland, RI. “We are asking for help.”
In particular, the Coalition singled out Russia’s announcement yesterday that it plans to raise export tariffs on steel scrap from the current 15% level to 120-130 euros ($191-$207) per tonne. Price called this announcement “a giant, unacceptable step backward.”
Other countries imposing scrap export bans or particularly heavy export taxes include: Indonesia, Saudi Arabia, Vietnam, Pakistan, Argentina, India, and Ukraine. The Coalition’s complete list of barriers is available at: www.scrapcoalition.comunder “Latest News.”
The American Scrap Coalition includes industry associations representing more than 3200 steel scrap consuming companies, who are calling on Congress, the U.S. Trade Representative and the Commerce Department to immediately address scrap trade barriers.
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