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PMPA Press Release: PMPA Comments on Steel Imports Impact

Jul 06, 2017

May 31, 2017

 

For Immediate Release
Contact: Miles Free
mfree@pmpa.org

PMPA Asks Administration to Not Impose Steel Restrictions

Washington, D.C. – The Precision Machined Products Association filed official comments to the Department of Commerce regarding the 232 investigation into the impact of steel imports on national security asking the administration to not impose tariffs or imports restrictions on foreign steel.

While the majority of steel used by PMPA members is made in the U.S., PMPA members need a competitively priced and stable raw material supply, particularly as it relates to national security. Any increase in the price of steel or restrictions on the availability of globally sourced steel would cause serious injury to thousands of small, downstream manufacturers.

“PMPA members rely on a certain level of imports to supply the defense, medical and automotive industries especially,” said Miles Free, Director of Industry Research and Technology at PMPA. “Even in cases where our members do not import steel, they still need free markets to determine prices without government interference – foreign or domestic. We encourage the Department of Commerce to not take unilateral action and impose tariffs or import quotas on foreign steel. Such action would dramatically reduce domestic supply, artificially increase the price, and reduce the global competitiveness of thousands of downstream manufacturers,” added Mr. Free.

“While our members would much prefer to purchase steel made in the U.S. and domestic producers simply are not making the raw materials we need in the quantities required and delivered on a timely basis,” added Mr. Free. “Our members cannot build a business plan or quote a job based on capacity and the ability to produce – we need concrete delivery times and a stable raw material supply, particularly as it relates to national security,” he continued.

Should the administration decide to move forward with applying tariffs or imposing quotas, PMPA also asked that the Department exclude several specific grades, which are critical for PMPA members to supply the defense, medical and automotive industries.

View the official PMPA comments below: