The United States risks becoming “dangerously dependent” on foreign steel as China’s rising metal output undermines U.S. producers and American policies fail to promote local investment, a U.S. industry group said.

Rising imports of cheaper Chinese steel are harming the ability of U.S. industry to provide materials for military equipment such as the body for the F-35 Joint Strike Fighter, the American Iron and Steel Institute said in a report.

The U.S. imported a record 45 million tons of steel last year, when Chinese imports more than doubled to 5.4 million tons. U.S. steel industry leaders such as Daniel DiMicco, chief executive officer of U.S. producer Nucor Corp., said China provides illegal government subsidies to support its industry and gain global market share, threatening U.S. competitiveness.

 

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