Steel News

Trump Talks Trade with Lawmakers as Commerce Opens Another Steel Dumping Investigation

2/13/2018 - With roughly 60 days remaining for U.S. President Donald Trump to impose new import limitation on steel, Trump is meeting today with legislators to discuss the pending decision, according to the Reuters news service. 

“The president will hear from bipartisan members of Congress across the spectrum of opinions on trade matters, including the pending (Section) 232 cases on steel and aluminum,” White House spokeswoman Lindsay Walters told Reuters. 

Earlier in the month, steel industry representatives sent a letter to Trump, urging him to impose new limitations under Section 232. 

"We urge you to implement a remedy that is comprehensive and broad based, covering all major sources of steel imports and the full range of steel products, with only limited exceptions for products not currently available in the United States," they wrote, according to Reuters. 

Separately, the U.S. Commerce Department said Monday that it has initiated a dumping investigation into welded, large-diameter pipe from six countries: Canada, China, Greece, India, Korea and Turkey. 

"With an 81% increase in trade cases initiated since President Trump took office, this administration has made it clear that we will vigorously administer anti-dumping and countervailing duty laws,” Commerce Secretary Wilbur Ross said in a statement.

The investigation arises on a complaint from five U.S. producers, who allege dumping margins of between 16.2% and 132.6%.  

The Commerce Department is to make a preliminary determination by the end of June.