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originally posted by: carewemust
a reply to: strongfp
So everything is fine the way it is? That's cool. But at least the U.S. military and airline industry should take steps to ensure that only top-quality steel is used.
originally posted by: carewemust
February 6, 2018
The inferior steel imports, and more broadly, unfair trade practices that hurt the United States, have acted upon by U.S. Presidents for at least 2 decades. Here's one of the most recent actions, related to the "inferior steel from China" problem.
In an attempt to prevent China from dumping cheap, inferior steel into U.S. manufacturing industries, President Obama imposed a 500% tariff/duty on Chinese "cold rolled" steel in May of 2016.
Source - dtd 5/18/2016: www.reuters.com...
China complained, then changed tactics for getting around the steep tariff. Instead of sending inferior steel DIRECTLY to the U.S., the country found other nations to act as "proxies", in order to get the steel into U.S. markets. That "shell game" continues to this day. The American Steel Industry has been asking the U.S. government to do something about this since September 2016.
Source - dtd 9/23/2016: www.americanmanufacturing.org...
So, if you want to "level the playing field", by keeping inferior steel out of America, the best way to go is a BLANKET tariff on ALL steel (and aluminum) imports into the country. This will make some countries mad, but more importantly, the United States steel, aluminum, and their supporting industries, will blossom and prosper.
Mega-Businessman/Presidential Candidate/President DONALD TRUMP, understands how to avoid the Huge Trade Blunders made by Obama, and Bush before him, better than anyone. Steel/Aluminum is just ONE area where the U.S. is being screwed. Show toughness with those products, and it will be easier to re-negotiate better trade deals across the board.
Taking ACTIONS to let the world know that the 20+ year run of "soft", relatively un-saavy U.S. Presidents is over, can't be overstated. Most of the so-called "experts" we see crawling out of the woodwork didn't know, or didn't care that there was a problem, before President Trump brought it to the forefront last week.
-CareWeMust
originally posted by: strongfp
originally posted by: BilboBaggins3
If the steel IS inferior, why isn't it simply rejected? (Not that I doubt that it is)
Because it's cheap.
My company buys US steel. But also buys steel from all over the world. Different facilities make different grades of steel. If Trump imposes these tariffs it will spell disaster for a lot of American steel and iron workers, some steel can only be manufactured in certain places around the worls, you can't just make a pop up steel mill out of the blue.
originally posted by: Allaroundyou
a reply to: Chadwickus There actually is very good China steel. It costs more and hard to find on large scale in western countries. And on the deal with American made war products America has been know to buy from an “enemy”. The SR-71 is a great example of this.
originally posted by: bigfatfurrytexan
a reply to: strongfp
When i was a kid i went to my buddies house one day and his dad was sitting on the couch crying. The US steel market fell apart and he lost the majority of his value in Shelby tanking.
Zero coupon bonds began to mature and seeded his more diversified recovery.
There could be a lot of money to be made here. I wonder what Trumps portfolio looks like?
originally posted by: strongfp
originally posted by: carewemust
a reply to: strongfp
So everything is fine the way it is? That's cool. But at least the U.S. military and airline industry should take steps to ensure that only top-quality steel is used.
And they do. And I am sure a lot of it does come from US steel mills.
But for example, when it comes to making less than 1" thick I - beams there's a mill in Chicago that makes top quality steel. For anything over 1" it usually comes from Luxembourg or somewhere in Europe. Every mill is equipped and situated in a specific spot for a reason.
The reason Chinese steel is low quality is because there are so many random ones and they use techniques of making steel from when the Industrial revolution was kicking in, but there is good quality steel in China, it just never leaves the coutnry. You also have to remember that different parts of the world offer different raw materials for steel making. Hence why ArcelorlMittal has facilities all over the world.
Analyses of steel by Jeffrey Wadsworth and Oleg D. Sherby, in their search for a highly plastic form, revealed properties almost identical to those they then found in Damascus steel, though their own plastic steel had been produced through contemporary methods. The remarkable characteristics of Damascus steel became known to Europe when the Crusaders reached the Middle East, beginning in the 11th century. They discovered that swords of this metal could split a feather in midair, yet retain their edge through many a battle with the Saracens.
The swords were easily recognized by a characteristic watery or ''damask'' pattern on their blades. Through the ages - perhaps from the time of Alexander the Great in the fourth century B.C. -the armorers who made swords, shields and armor from such steel were rigidly secretive regarding their method. With the advent of firearms, the secret was lost and never fully rediscovered, despite the efforts of men like P.@P. Anossoff, the Russian metallurgist, who knew the steel as bulat.
originally posted by: Chadwickus
a reply to: carewemust
Mega-Businessman/Presidential Candidate/President DONALD TRUMP, understands how to avoid the Huge Trade Blunders made by Obama
Yeah, like pissing off close allies like Australia.
That makes perfect sense.
originally posted by: c2oden
You are not manufacturing steel in Australia. You do nothing but assemble it.
EU set to publish retaliatory list of US products that could escalate trade war
PEANUT butter, cranberries, orange juice, bourbon, Levi jeans and Harley Davidson motorbikes are among US products that could subject to retaliatory tariffs from the European Union (EU) if President’s Trump’s tariffs on steel and aluminium go ahead.
That’s according to EU trade commissioner Cecilia Malmstrom who said the organisation is developing a list of agricultural and industrial products to be published “very soon” raising fears of a full-blown trade war.
While Commissioner Malmstrom was quick to point out no action had been taken yet, she said the 28-member organisation is working on three potential courses of action amid the threat that “risks a serious blow to our European economy and workers”.
“If a move like this is taken, it will hurt the EU. It will put thousands of EU jobs in jeopardy and has to be met by a firm and proportionate response,” she said, adding that body plans to take the potential dispute to the World Trade Organisation for arbitration.
However mindful that legal recourse will take time, Ms Malmstrom said a provisional list including steel, peanut butter, cranberries, orange juice and bourbon whiskey is being drawn up among EU members.
“We are calculating the blow and we will take these rebalancing measures,” she said. “We can have it ready, we can notify but we can also choose to wait a bit to see how things develop ... We have looked at products with alternative supply so it wouldn’t hit EU consumers.”
“A trade war has no winners,” she said