Executive Council Statement
Current American Steel Crisis
… are the most productive in the world. In 1980, American steel companies produced a ton of steel with seven hours of work. Now, a ton of better quality steel is produced with less than three hours of work. But that dramatic accomplishment by … in 1997 and continuing through 1998, dumped and subsidized steel imports grew dramatically until they reached close to 40 percent of the domestic steel market. This caused a precipitous decline in steel prices as companies desperately … enough is enough—Steelworkers have suffered enough, they have worked hard and played by the rules, and they have earned a right to a decent living and decent life. We call today for legislative and executive action to counteract the threat of …