Department of Commerce says steel imports from China are unfairly inexpensive
According to new findings from the U.S. Department of Commerce, corrosion-resistant steel imports from China will be taxed at 256 percent due to ongoing sales at unfairly low prices. This is an important step in the right direction as we work to put an end to the illegal practices that are hurting America’s steel industry.
Steel is the backbone of our economy and is critical to economic and national security. It supports our bridges, takes our buildings to new heights, transports goods and services, and is found in everyday appliances in our homes. Minnesota is America’s largest producer of iron ore – a natural resource and key ingredient in the steelmaking process.
The Iron Ore Alliance calls on Minnesota House and Senate members to join us in the fight against illegal trade. Members can show their support by co-sponsoring a resolution calling on the U.S. Congress and President to forcefully address illegal trade practices that are severely impacting the iron mining industry, workforce, and communities in Northern Minnesota.