Wednesday, March 10, 2004
AP Wire | 03/10/2004 | Steel consumers ask for export taxes to stymie surging steel prices: "surging steel prices have doubled - and in some cases, tripled - over the last year.
steel producers and market analysts said the price spike is the result of unfair Chinese competition and, at any rate, likely is only temporary.
The plea, made during a House Small Business Committee hearing, comes three months after the White House eliminated steep tariffs on steel imports to, in part, ease rising costs for consumers. Thousands of steel consuming businesses are located in Michigan, Illinois, Minnesota and Wisconsin - all political swing states that President Bush lost in 2000."
steel producers and market analysts said the price spike is the result of unfair Chinese competition and, at any rate, likely is only temporary.
The plea, made during a House Small Business Committee hearing, comes three months after the White House eliminated steep tariffs on steel imports to, in part, ease rising costs for consumers. Thousands of steel consuming businesses are located in Michigan, Illinois, Minnesota and Wisconsin - all political swing states that President Bush lost in 2000."
