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Hot Off the Press
MC Machinery Opens
Newly Expanded Laser Showroom
Monday, April 18, 2005
Mitsubishi Laser has just completed renovation and expansion of the MC Machinery headquarters’ showroom in Wood Dale, IL. The showroom houses working models of the firm’s two- and five-axis laser-processing machines, automation equipment and its Toyokoki line of press brakes. Its newest laser-cutting system is the LVPlus series of flying-optics machines with digital ac servo-motor technology and its patented Diamond-Path technology that maintains constant beam quality regardless of cutting-head location. Learn more at www.mitsubishi-world.com
Steel Duties Remain—the ITC Simply Doesn’t Get It
Friday, April 15, 2005
Yesterday (April 14), the International Trade Commission (ITC) voted to continue antidumping duties on imported hot-rolled flat-rolled steel products from Japan, Brazil and Russia. The decision followed the ITC’s five-year review of the 188 duties, many of which have been in place since the early 1990s. The Precision Metalforming Association (PMA) lobbied hard to allow the duties to expire.
“With record-high steel prices and healthy profits for the steel industry in 2004,” says PMA president William E. Gaskin, “there is no economic justification for the continuation of these duties. Is this permanent protection for the steel industry at the expense of their customers?”
Costs for flat-rolled steel comprise 40 to 60 percent of the sales dollars for most metalforming companies. “It is disturbing that the U.S. government trade policy continues to work against steel-consuming companies,” continues Gaskin. “Maintaining the duties will reduce demand for steel in this country over the long term, and will distort the market for years to come, putting many U.S. metalforming companies at a disadvantage to their foreign competitors….The decision means that some of these small companies simply won’t survive. It’s government protectionism at its worst.”
View the ITC’s official statement at http://usitc.gov/
Great Designs in Steel Presentations
Thursday, April 14, 2005
Presentations from the Great Designs in Steel Seminar 2005, held March 9 in Livonia, MI, are now available for download at www.autosteel.org
. The seminar was organized and presented by the steel-producer members of the Automotive Applications Committee of the American Iron and Steel Institute. It drew 1328 attendees and offered 30 presentations, one third of which were given by automotive OEMs. Nine presentations addressed fabrication with advanced high-strength steels.