Steel CEO: Unfair trade practices in China, Mexico and Canada are hurting employees
GREENLAND — The CEO of Novel Iron Works in Greenland says unfair trade practices in the structural steel industry are hurting her workers.
“We have been, over the last three years, really impacted by foreign trade, unfair foreign trade. China, Mexico and Canada have really impacted the market by depressing it artificially with subsidized dumping,” Hollie Noveletsky said Thursday afternoon.
Noveletsky says the surge of imports from these three countries have caused their margins and profits to be significantly impaired.
In Massachusetts, a market she works in, Noveletsky says public schools are now being built by foreign steel because no domestic fabricator can touch the prices of steel producers that are being subsidized by the Chinese, Mexican and Canadian governments.
Read more: https://www.unionleader.com/news/business/steel-ceo-unfair-trade-practices-in-china-mexico-and-canada/article_b03ad41f-9ba8-5748-bb99-3f0306fee19d.html
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