Senate Dems Urge NYC's MTA To Avoid Using Chinese Steel

Law360, New York (July 15, 2013, 6:57 PM EDT) -- Two top Senate Democrats urged New York City's transit authority on Thursday to avoid buying Chinese steel after reports surfaced that the agency was repairing a local bridge with material from a Chinese state-owned enterprise.

In a letter to the Metropolitan Transportation Authority, U.S. Sens. Charles Schumer, D-N.Y., and Sherrod Brown, D-Ohio, asked the organization to alter its bidding process to prevent a repeat of the MTA's recent decision to source steel for repairs to the Verrazano-Narrows Bridge from state-run Angang Steel Group.

As with many...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.