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Old December 27th, 2015, 10:27 PM   #1
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U.S. Calls for 256% Tariff on Imports of Steel From China

It is a start.

Quote:

Corrosion-resistant steel imports from China were sold at unfairly low prices and will be taxed at 256 percent, according to a preliminary finding of the U.S. Department of Commerce.

Imports from India, South Korea and Italy will be taxed at lower rates, the agency said Tuesday in a statement. Imports from Taiwan and Italy’s Marcegaglia SpA will not face anti-dumping tariffs. The government found dumping margins of 3.25 percent for most South Korean steel imports, with Hyundai Steel Co.’s shipments subject to duties of 3.5 percent. Imports from Italian companies excluding Marcegaglia will be taxed at 3.1 percent. Indian imports are subject to duties from 6.6 percent to 6.9 percent.

“We’re concerned that the dumping that’s occurring is at higher levels than these determinations reflect,” Tim Brightbill, a partner at Wiley Rein LLP, a law firm representing U.S. steelmaker Nucor Corp., said Tuesday in an interview. “We have serious concerns that these preliminary duties are not enough at a time when unfairly priced imports continue to surge into the U.S. market at unprecedented rates.”

...

U.S. Calls for 256% Tariff on Imports of Steel From China - Bloomberg Business


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Old December 27th, 2015, 10:54 PM   #2
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So China is selling the twin towers back to us. That's fucking priceless
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Old December 27th, 2015, 10:55 PM   #3
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SHANGHAI — As New Yorkers emotionally debate what kind of memorial should honor those killed in the Sept. 11 World Trade Center attack, 50,000 tons of mangled metal from the twin towers have been sold and shipped to China as scrap.

China's largest steel company denied reports that it plans to make souvenirs out of metal from the collapsed buildings. But officials at Shanghai Baosteel here said the company did buy scrap from the wreckage of the terrorist attack.


Mangled WTC steel bought by China - tribunedigital-chicagotribune
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Old December 27th, 2015, 11:01 PM   #4
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Steelworkers make steel and Ironworkers erect it and both Union Trade workers make a lot of money having been a non-union Ironworker before making almost as much money as a Union Ironworker. The rust belt has rusted away and bringing it back is an exercise in futility.
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Old December 27th, 2015, 11:32 PM   #5
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Quote:
Originally Posted by Sabcat View Post
SHANGHAI — As New Yorkers emotionally debate what kind of memorial should honor those killed in the Sept. 11 World Trade Center attack, 50,000 tons of mangled metal from the twin towers have been sold and shipped to China as scrap.

China's largest steel company denied reports that it plans to make souvenirs out of metal from the collapsed buildings. But officials at Shanghai Baosteel here said the company did buy scrap from the wreckage of the terrorist attack.


Mangled WTC steel bought by China - tribunedigital-chicagotribune
The world trade centers had an exoskeleton of thin steel. A B-25 bomber got lost in the fog during WW2 and flew smack into the Empire State Building that has an endoskeleton of thick steel with only minor damage to the building but the B-25...

edit: called skin strength
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Last edited by Twisted Sister; December 27th, 2015 at 11:45 PM.
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