Chief executives from five of the leading steel companies in the US told members of the Congressional Steel Caucus today that unfair foreign trade practices have caused an increase in steel imports resulting in the loss of more than 13,000 lost jobs in the industry this year, and the government needs to dramatically improve policies on trade. The Steel Caucus is chaired by Tim Murphy (R-PA) and vice-chaired by Rep. Pete Visclosky (D-IN).
Members of the American Iron and Steel Institute (AISI) who testified include Mario Longhi, President and CEO of US Steel; Chad Utermark, Executive Vice President of Nucor; Jim Baske, CEO of ArcelorMittal North America; Chuck Schmitt, President of SSAB Americas and Chairman of AISI; and Roger Newport, CEO of AK Steel.
Copies of the testimonies and the video broadcast of the hearing can be found here.