Steel imports are running ahead of 1998 crisis levels because some producers are simply switching their official sourcing location to other nations or manufacturing other products not affected by U.S. trade laws, steel supporters say. The tactic is called “import switching,” and the American Iron and Steel Institute (AISI) claims it is a violation of U.S. trade statutes. It says the foreign metal is dumped, subsidized and injurious. The high level of imports is causing prices to ...
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