Steel Institute Applauds Decision to Revoke Russian Steel Agreement

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For Immediate Release
October 20, 2014

Contact: Lisa Harrison
202.452.7115 / lharrison@steel.org

WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) today applauded the Department of Commerce’s (DOC) decision to revoke the outdated “suspension agreement” with Russia, which has prevented antidumping duties from being imposed on imports of hot-rolled steel from that country to the U.S.

Thomas J. Gibson, president and CEO of AISI, said, “This agreement, which was entered into 15 years ago, was designed for a different era and is clearly no longer working. Our industry should not have to endure injury from surging imports of Russian hot-rolled steel that are coming into this country under a deal that no longer serves its intended purpose. On behalf of domestic steelmakers, we welcome Commerce’s decision and are grateful for the support of the chairmen of the Congressional Steel Caucus, as well as Congressman Rick Crawford (R-AR), who have urged this action.”

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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 20 member companies, including integrated and electric furnace steelmakers, and approximately 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.