Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Industry Speaks Out on Steel Tariffs
Jun 23, 2003
 Printable format
 Email this Article
 Search
Joseph M. McGuire, president of the Associaton of Home Appliance Manufacturers (AHAM) testified before the International Trade Commission (ITC) regarding the tariffs on imported steel and their effect on the U.S. home appliance industry. The hearing was part of the ITC's congressionally requested study on the tariffs' impact on steel consuming industries. AHAM opposes the steel tariffs and believes that the program should be terminated in order to maintain excellent quality and consumer value for home appliances produced in the U.S. and to keep home appliance making jobs on U.S. soil. AHAM members produce more than 94 percent of the appliances shipped for sale each year within the U.S. and consume nearly 3 million tons of steel per year, most of which is hot- and cold-rolled and galvanized, supplied by domestic companies. As a direct result of the steel tariffs, implemented under section 201 of the Trade Act, AHAM says its members have experienced increased costs of steel products and oftentimes difficulties in obtaining quality steel from domestic steel producers. Several AHAM members said that they have seen purchase prices increase from 17 percent to 30 percent from pre-April 2002 levels. Increases from a year ago in steel prices on the spot market have averaged over 37 percent. AHAM says this dramatic increase has impacted appliance production, and in some cases, changed product assembly schedules. AHAM says that according to a study produced by The Consuming Industries Trade Action Coalition (CITAC), more than 200,000 Americans lost their jobs as a result of higher steel prices in 2002, resulting in more than U.S. $4 billion in lost wages. Joseph M. McGuire stated, "We oppose the 201 steel safeguard tariffs and believe that the time has come to terminate the program. We do, however, hope for a resolution of the problem facing the domestic steel industry that provides them with the relief that they need, but at the same time does not harm our industry."

Back to Daily News

 

Daily News

...........................................................

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows