United Steelworkers President Praises Portman Efforts to Protect Ohio Jobs Making steel is a part of Ohio’s identity. Ohio is the number two steel-producing state in the country, and 54 of Ohio’s 88 counties have at least one iron and steel industry establishment.
PoliticalNews.me - Nov 07,2016 - United Steelworkers President Praises Portman Efforts to Protect Ohio Jobs
Making steel is a part of Ohio’s identity. Ohio is the number two steel-producing state in the country, and 54 of Ohio’s 88 counties have at least one iron and steel industry establishment. Senator Portman is working deliver results to keep these good jobs right here in the Buckeye State.
That’s why, when Zhongwang USA, a Chinese-controlled company, proposed to buy Cleveland’s Aleris Corporation, Portman spoke out. On Wednesday, Portman contacted Treasury Secretary Jack Lew and urged him to reject this proposed acquisition, which would jeopardize our national security and threaten Ohio manufacturing. Moreover, Portman has, for years, raised concerns about possibly unfair imports from their parent company, Zhongwang International Group, which is under investigation by the Department of Commerce for breaking our trade laws.
Union leaders have taken notice of Portman’s efforts. After Portman’s letter to Secretary Lew, United Steelworkers President Leo Gerard issued the following statement:
“[This] bipartisan letter will help ensure that the transaction be closely reviewed and rejected. Aluminum is a critical material used throughout aerospace, automotive, electrical transmission and other sectors. Aleris and its highly skilled work force has been a leader in developing cutting-edge applications for aluminum. Its ballistic-resistant products are used in a number of military applications. China has targeted the sector for development and domination, and the proposed acquisition by Zhongwang is part of that overall strategy.
“Several weeks ago, press reports highlighted Zhongwang's extensive attempts to circumvent and evade U.S. trade laws for Chinese-produced aluminum. The Department of Homeland Security has now launched an investigation into the parent company of the firm seeking to acquire Aleris. China Zhongwang Holdings Ltd.'s network of activities is designed to undermine its competitors. The transaction must be rejected on both national and economic security grounds.
"China's leaders have pushed its major state-owned and private companies to invest overseas, acquire technologies and manufacturing know-how, and expand their market share. The country continues to build up massive overcapacity in the aluminum sector and decimate U.S. production. This transaction is part of a broader economic plan.
"It's time for America to stand up and fight for our jobs and our future."
President Gerard isn’t alone in recognizing Senator Portman’s efforts. Here’s what other steel industry leaders have been saying about Senator Portman’s efforts to help Ohio steelworkers:
“AK Steel and other domestic steelmakers have faced a tidal wave of what we believe are unfairly traded imports. Senator Portman has been a leader in championing improvements to the trade laws which help level the playing field so our industry can remain competitive." –James L. Wainscott, CEO of AK Steel
“We need governments throughout the steel producing world to come together to make clear to China that they need to reduce their excess capacity in steel making—the way a market-based economy would—rather than exporting it. Senator Portman understands this and we are grateful for his support of the American steel industry.” – Daniel Mull, Executive Vice President for Sales and Marketing