AISI Says USTR Nominee Would 'Work Well With Steel Industry'

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For Immediate Release
June 6, 2013

WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) today said it was encouraged by the Senate Finance Committee hearing to confirm Michael Froman, one of President Obama’s key trade advisers, as the U.S. Trade Representative (USTR).  Thomas J. Gibson, president and CEO of AISI, said he was pleased that Froman appears to be willing to listen to the concerns of the steel industry regarding the surge of steel imports, currency manipulation by a number of foreign countries, the trade disparities caused by state-owned enterprises and their government subsidies for manufacturing, and other unfair trade practices.

“AISI works closely with the Office of the USTR and looks forward to continuing our open and frank dialogue to address the critical trade issues facing the industry.  Michael Froman has been a responsive partner in ensuring the interests of the manufacturing sector are brought to the table.  As the senators at the hearing heard today, he is a well-versed advocate for fair trade and will make an excellent trade ambassador,” Gibson said.

Froman, who currently serves as Deputy National Security Adviser for International Economic Affairs, addressed the AISI Board of Directors at its November Board Meeting in Washington, D.C.  He currently serves as an Assistant to the President and Deputy National Security Adviser for international economics, and has been deeply involved in the Obama administration’s international economic agenda for the past four years, working from the White House on the discussions for the proposed US-EU trade and investment negotiations and leading the administration’s preparations for major economic summits.

Contact: Lisa Harrison
202.452.7115 / lharrison@steel.org

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AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice.  AISI also plays a lead role in the development and application of new steels and steelmaking technology.  AISI is comprised of 24 member companies, including integrated and electric furnace steelmakers, and 125 associate members who are suppliers to or customers of the steel industry.  AISI’s member companies represent over three quarters of both U.S. and North American steel capacity.  For more news about steel and its applications, view AISI’s website at www.steel.org.