Steel Institute Says New Report Shows Continued Harm From Unfair Imports

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For Immediate Release
May 13, 2014

WASHINGTON, DC – The American Iron and Steel Institute (AISI) said a new report (“Surging Steel Imports Put Up to Half a Million U.S. Jobs at Risk”) released this morning reaffirms that the rising tide of foreign steel imports is harming the U.S. steel industry and diminishing the industry’s ability to fully recover from the recession. The report was released in a press conference with the Economic Policy Institute (EPI), the Alliance for American Manufacturing (AAM), Senators Sherrod Brown (D-OH) and Jeff Sessions (R-AL), and the law offices of Stewart and Stewart.

Thomas J. Gibson, president and CEO of AISI, said, “This issue is the number one concern of our members – the steelmaking companies of North America. We applaud Senators Brown and Sessions, and the research done by EPI, which confirms that the steel industry continues to face significant trade and competitive challenges from foreign government trade-distorting policies and practices; and, that a more effective U.S. trade policy is needed to level the playing field, and preserve and strengthen our nation’s manufacturing base.

“As noted in the report released today, it is critical that policymakers work to ensure that the trade laws are strictly enforced. We will continue to advocate for the government to go after unfair trade practices whenever and wherever they occur, and for policy initiatives that address the state-controlled and subsidized foreign steel industries that are fueling this surge that is adversely impacting our workers and our industry,”  Gibson concluded. 

The full report can be linked to at: http://www.epi.org/publication/surging-steel-imports.

Contact: Lisa Harrison

202.452.7115 / lharrison@steel.org

Click here for a PDF version of this release.

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 22 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.