Congressional Digest

International Debates Archives November 2010 No. 8 Vol. 8
Nucor Corporation

China's Currency Policy

Trade Imbalances and the Global Economy

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Nucor Corporation

Dan DiMicco, Chairman, President and CEO

Nucor is the largest producer of steel in the United States. The following is excerpted from September 15, 2010, testimony before the House Ways and Means Committee on China’s Exchange Rate Policy. America is known as the land of opportunity. But for the 26 million Americans who are either unemployed or underemployed, the land of opportunity seems like an illusion. We are failing these Americans and all future generations of Americans. The policy response to the worst job situation since the Great Depression has fallen far short of what is required. We need bold measures. Passing the Currency Reform for…

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