The Steel Industry in the USA

1426 Words Jun 17th, 2018 6 Pages
The Steel Industry in the USA Steel has been part of the greatest achievements in history. It was the “iron horse” and steel rails that helped carve a nation out of the frontier. Steel is the backbone of bridges, the skeleton of skyscrapers and the framework of automobiles. Now in the 21st century, it is still revolutionizing the way we live. It is high strength frames for eyeglasses; it is a strong durable frame in housing and it’s precise surgical instruments used in hospital operating rooms around the world. …show more content…
For the workers, modernization has meant learning new skills to operate sophisticated equipment. Competition also has resulted in increasing specialization of steel production as various producers attempt to capture different niches in the market. As international and domestic competition continue for U. S steel producers, the nature of the industry and the jobs of its workers are expected to continue to change.

Domestic steel prices declined significantly during 1998 and 1999, allegedly because of dumping of subsidized, low-priced steel products onto the U.S market by foreign producers. The steel industry appealed to the Government for vigorous enforcement of trade laws in response to the alleged dumping and received support from the U.S. Department of Commerce in the form of antidumping duty margins against several countries. Later, the International Trade Commission ruled against the industry claiming that the industry did not suffer irreparable damage from the extra imports. (4)

The U. S Antidumping Act of September 8, 1916 allows civil actions and criminal proceedings to be brought against importers who “commonly and systematically’ have imported or sold foreign-produced goods in the United States at prices which are ‘substantially less’ than the prices at which the same products are sold in a relevant foreign market, provided that such action is

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