The American Iron and Steel Institute (AISI) reacted to President
Barack Obama's State of the Union Address by saying it did lay out some"positive goals", but was short on specifics.
AISI serves as the voice of the North
American steel industry in the public policy arena and advances the case for
steel in the marketplace as the preferred material of choice.
The nation's largest trade organization representing steel
products was pleased with the recognition of the steel industry in the speech,
but was looking for more details from the President on how they and other
industries would push the American economy forward. AISI President and CEO
Thomas Gibson said President Obama fell short on details to correct America's
massive trade imbalance with China-a huge steel exporter, tax reform, and
energy independence.
“We are encouraged that some of the President’s proposals
will benefit the steel industry, but are also disappointed that he did not lay
out concrete plans to achieve the goals," said Gibson. "We will continue to work with the
Administration and Congress to turn the rhetoric into action.”
The President's policy speech comes on the heels of the U.S.
Department of Commerce reporting last week that steel imports are up, a strong
sign of the market gaining ground this fiscal year. AISI announced that steel import applicationsfor January totaled 2.6 million net tons (NT)-up eight percent from December2012.
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