REP. KATKO TESTIFIES BEFORE INTERNATIONAL TRADE COMMISSION, HIGHLIGHTS IMPACT OF UNFAIRLY TRADED REBAR IMPORTS ON AUBURN’S NUCOR STEEL
WASHINGTON, D.C. – One week after visiting Nucor Steel in Auburn and highlighting the need to protect Central New York industry from unfair trade practices, U.S. Rep. John Katko (NY-24) today testified before the International Trade Commission (ITC) on behalf of U.S. rebar producers, including Nucor Steel’s rebar plant in Auburn. The ITC is currently nearing a final determination as to whether unfairly traded rebar imports from Japan, Taiwan, and Turkey – which have surged into U.S. markets – are causing harm to the domestic steel industry.
Speaking at today’s hearing, U.S. Rep. John Katko stated, “I think it is abundantly clear that these unfairly traded imports have had a devastating impact on our country’s rebar producers and their hardworking employees.”
Rep. Katko discussed the vital role of Nucor Steel’s rebar plant to the Central New York economy and noted the plant’s use of environmentally-friendly production methods and use of 99.8% recycled content.
“I can confidently say that U.S. steel manufacturers, such as Nucor, produce some of the best rebar on the market and, given a fair opportunity, our producers can compete with any steel producers in the world,” continued Rep. Katko. “However, when foreign competitors receive government subsidies and dump their products into U.S. markets, American producers suffer.”
Representative Katko noted the impact of unfairly traded rebar from Japan, Taiwan, and Turkey on U.S. markets. As a result, domestic producers like Nucor have been forced to scale back investment, slash production, cut pay and lay off workers. Rep. Katko urged the ITC to recognize the importance of the domestic rebar industry.
“We appreciate Representative Katko’s work to address the damage that unfairly-traded imported rebar has on our American steel industry and its workers,” said Drew Wilcox, Vice President and General Manager of Nucor Steel Auburn, Inc. “In order to achieve a freer, fairer system of global trade, we must prevent foreign countries from gaming the system to give its producers an unfair advantage.”
Representative Katko’s testimony can be found here.
Congressman John Katko represents the 24th Congressional District, which includes all of Onondaga, Cayuga, and Wayne Counties and a portion of Oswego County. For more information, please visit https://katko.house.gov or www.facebook.com/RepJohnKatko.