The manufacturers of steel in the United States called on the White House to reform the country's trade legislation

The US steel companies applied to Congress and the White House, demanding to take measures called to stop the flood of the American market by Chinese steel, including by revising the current trade legislation of the States. This is written by Economic Times.

"The ongoing subsidies by the Chinese government of its steel industry and foreign exchange manipulations begin to threaten our future," says Edward Kurasz vice-president of the US Trumber Union. Speaking on Thursday before Congress, Mr. Kyurazh called on the congressmen to adopt a law aimed at counteracting the trade in goods from countries with underestimated currency, which would make it possible to introduce compensation duties on Chinese metal rubles.

Edward Kyurazh focused the attention of the Congress on the need to urgently reform the US International Trade Commission, which last year rejected the country's metallurgists to introduce anti -dumping and compensation duties on imported galvanized steel wire and welded pipes from different countries of the world. “We are very concerned that members of the commission did not adhere to the laws written by Congress,” the cureau emphasized. He also called on the office of the US commercial representative for more dense work in the framework of the World Trade Organization for unification with other states suffering from Chinese subsidized exports.

President of the largest Nucor metallurgical corporation in the United States, Mr. John Ferriola, said that in China today there are more than 35% of excessive steeling capacities. At the same time, most of the surpluses are exported to the United States, affecting Turkey, South Korea and other countries. “Last year, the amount of import steel increased by 17%, and in a year before 38%. The import of steel grows in all the main groups of the metal rolling, affecting the interests of the largest American manufacturers,” Ferriola emphasized.