Domestic steel makers say the car makers and steel users are being big crybabies and that, although the steel makers are in the scratch now (after, as the story notes, "shifting much of their multibillion-dollar pension liabilities to the government"), the domestic steel industry hovers always, in its own poormouthing estimations, on the abyss of economic doom: "they say the addition of capacity in China and India could lead to another steel glut and price-slashing if the global economy hits a rough patch."
An exec from Aggressive Engineering Corp., a Southern California metal stamping company. complains:
he had lost two of his biggest customers — a home electronics firm and a fitness equipment company — to competitors in China since the duties were imposed. He said his foreign competitors had access to cheaper steel and were able to produce and ship parts to the U.S. for the same price it costs him for raw materials.Whole story of steel-sellin' men and the steel-usin' industries they are holding up here.