AIIS asks for Turkey 232 exemption
On the eve of President Donald Trump’s formal 232 national security investigation decision, American Institute for International Steel chairman sent the White House a last-minute plea for an exemption for Turkey.
Writing in both his capacity as AIIS chairman and president of trading company Kurt Orban Partners LLC, Foster makes a case for Turkey’s necessity to the US market, Kallanish understands.
“As a steel importer for over 30 years, I have found the steel mills in that country to be privately held and often family owned businesses that pride themselves in their cost effectiveness and ability to compete globally, fairly and on a level playing field,” Foster says. “Thousands of downstream jobs are dependent on this competitively priced steel from Turkey and respectfully submit the Turkish mills be exempted from any section 232 tariff’s or quotas. We all believe in a strong and vibrant domestic steel industry and in fair and responsible trade. We are also in a global economy that benefits from free trade in steel with responsible countries.”
On Thursday, President Trump signed the 25% steel tariffs into law with explicit exemptions for Canada and Mexico. Other countries may be considered as part of negotiations with the US Trade Representative.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous