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US Steel Seeks China Import Ban After Alleged Hacking

U.S. Steel Corp. is asking the U.S. government to ban unfairly traded Chinese steel imports,
alleging producers stole the fruits of decades of research in a 2010 hacking attack.

If successful, the petition will block carbon and alloy steel produced in China from entering
the U.S. Most critically, it will prevent those who allegedly stole U.S. Steel’s intellectual property
from making billions of dollars from decades of research. The International Trade Commission
has 30 days to decide whether to initiate a case.

“They’ve already tried to take over our present,” said Debbie Shon, an attorney at
Quinn Emanuel in Washington, which is representing U.S. Steel (IW 500/79) in the petition.
The case is intended to prevent them from “trying to capture our future.”


Advanced manufacturing technologies are helping to push the United States back toward being the most competitive
manufacturing nation in the world, according to a new survey of global CEOs and other senior executives.
While China is the world’s most competitive manufacturing nation, according to the 2016 Global Manufacturing Competitiveness 
Index developed by Deloitte and the Council on Competitiveness, the U.S., now ranked second, is expected to take the top spot by 2020.

U.S. manufacturers are investing in technologies such as predictive analytics, the Internet of Things (IoT), smart factories, and
advanced materials that will be keys to improved competitiveness in the coming years. Other traditional manufacturing powerhouses – 
Germany, Japan and the United Kingdom – are making similar investments that will maintain or improve their competitive positions.
While technology is a critical factor in future competitiveness, manufacturers rank talent as the most critical driver of competitiveness. 
Just behind is cost competitiveness and productivity, not surprising given slow growth in most economies, and then supplier network.
What accounts for China’s anticipated drop to second in manufacturing competitiveness? Though China has increased its investment in
R&D, the economy is slowing and manufacturing activity has dropped, resulting in excess capacity.

The report notes that China’s auto
industry has capacity utilization of 70% versus nearly 100% in 2009. China also is seeing a rise in labor costs, up five-fold since 2005.
“Concerned by rising labor costs and declining cost arbitrage between advanced economies and China, some companies from advanced 
economies have moved their production to alternate low-cost nations or back to their home nations,” the report states.


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