AHAM Applauds Steel Tariff Repeal

AHAM Applauds Steel Tariff Repeal

Washington, DC The Association of Home Appliance Manufacturers has applauded President Bush's decision to repeal steel tariffs that were implemented some 20 months ago.

"This decision was needed to maintain excellent quality and consumer value for home appliances produced in the U.S., and to keep home appliance manufacturing jobs on U.S. soil," said AHAM president Joseph McGuire.

Representatives of AHAM had testified last June before the International Trade Commission (ITC) regarding the tariffs on imported steel and their effect on the home appliance industry.

AHAM members claimed they experienced increased costs of steel products, as well as frequent difficulties in obtaining quality steel from domestic steel producers.

Several AHAM members said they have seen purchase price increases from 17% to 30% above pre-April 2002 levels.

"This increase has impacted appliance production, and in some cases, changed product assembly schedules," AHAM charged.

AHAM members produce more than 94% of the appliances shipped for sale each year within the U.S., and consume nearly 3 million tons of steel per year, most of which is supplied by domestic companies, according to the association.