American steel executives said on Tuesday that a Trump administration national security review of their industry could provide relief from imports that dozens of U.S. Commerce Department anti-dumping cases have only partly offered. He said China was on pace to produce 850 million tons of steel this year, up from about 808 million tons last year, despite pledges to eliminate up to 150 million tons of capacity amid flat or declining domestic demand. "Their production seems to be going up, with the excess going to hit the export markets," Gibson said. "That's harming market opportunities and creating pressure for transshipment or conversion for that product to find its way into the United States." (This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

Source: dna May 23, 2017 23:26 UTC