United Steelworkers (USW) International President Leo W. Gerard issued the following statement today on the release of a study of the enormous challenges facing the U.S. steel sector from a flood of imports and rising excess global capacity in steel production. The report “Surging Steel Imports Put Up to Half a Million U.S. Jobs at Risk” by the Economic Policy Institute and the Law Offices of Stewart & Stewart provides a comprehensive analysis of the threats facing the steel sector.
“This report should be a wake-up call to Congress and the Obama administration. The U.S. steel sector supports up to half a million U.S. jobs which are at risk without strong action against rising excess global capacity and a flood of unfairly-priced and traded steel imports swamping our market. Our economic and national security interests are at risk and policy leaders appear to be sitting on their hands.
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