Copyrighted Image? DMCA | WASHINGTON -- As Congress prepares to give President Barack Obama expedited powers to "fast-track" trade deals through Congress, there are man skeptics of Obama's trade agenda and US Steele points out the reality: --China has more steelmaking capacity than the entire rest of the world combined. They can't keep their steel mills busy, because they don't have that much domestic consumption," he said. "So China is always trying to sell steel at below-market prices -- so-called 'dumping steel' is the term the trade lawyers use."
"We've seen the price of steel plummet in the United States as China undercuts American steelmakers," Brown continued. In March, U.S. Steel announced an extensive round of layoffs at one of its plants in Minnesota, which it blamed on steel dumping.The problem is so persistent for other steel-manufacturing nations that earlier this year, the European Union impos |