Zekelman Perspective

Welcome to the Zekelman Industries blog of industry info and news about Zekelman products.

Why is the Section 232 Investigation Important to America?

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Why is the Section 232 Investigation Important to America?

 

A Section 232 investigation is being conducted under the authority of the Trade Expansion Act of 1962, as amended. The purpose of the investigation is to determine the effect of imports on the national security.

The Secretary’s report to the President, prepared within 270 days of initiation, focuses on whether the importation of the article in question is in such quantities or under such circumstances as to threaten to impair the national security. The President can concur or not with the Secretary’s recommendations, and take action to “adjust the imports of an article and its derivatives” or other non-trade related actions as deemed necessary.

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U.S. steel consumption and the decrease in demand

worldsteel outlook
Total Construction Spending Nonresidential FRED St. Louis Fed
Construction Starts

John Ferriola, CEO of steel producer, Nucor Corp., recently said, “growth in American steel demand won’t be enough to reverse U.S. steelmakers’ misery until regulators do a better job of halting imports of the metal that domestic producers say are unfairly traded.”

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World Steel Association’s #steeltalks Twitter Debate Recap

On Tuesday, January 27, 2015, the World Steel Association presented a Twitter debate, #steeltalks, focused on steel and its role in creating a more sustainable world. With more than 250 participants in the debate, the topic made for interesting debate and conversation among industry professionals.

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