Steel Group Applauds Senate Trade Votes

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For Immediate Release
June 24, 2015

Contact: Lisa Harrison
202.452.7115 / lharrison@steel.org

WASHINGTON, D.C. - The American Iron and Steel Institute (AISI) applauded today’s Senate action on two trade bills, one of which includes a package of trade remedy improvements strongly supported by the steel industry.

The Senate tonight passed both Trade Promotion Authority (TPA), and the extension of the Africa Growth and Opportunity Act and other trade preference programs, which was amended to include renewal of Trade Adjustment Assistance (TAA) and trade remedy improvements.

Thomas J. Gibson, president and CEO of AISI, today said, “The Senate passage of trade remedy measures as part of the trade preferences/TAA bill is an important step forward toward improving the effectiveness of our antidumping and countervailing duty laws. In light of the continued surge in steel imports into the U.S. market, it is critical that our trade laws be strengthened as soon as possible. While these provisions are also included in the customs bill that has passed both the House and the Senate, inclusion of these provisions in the preferences/TAA bill will allow these amendments to go to the House for final approval tomorrow, and hopefully be sent to the President by the end of this week.

“We greatly appreciate the efforts of the many Senators who have championed these trade law improvements in the Senate, in particular, Senators Rob Portman and Sherrod Brown of Ohio, who led the charge. We look forward to a successful vote in the House which would send the bill to the President to be signed into law, strengthening the tools available to the industry to combat unfair trade,” Gibson stated.

Gibson said the steel industry has been meeting with members of the House and Senate on a daily basis, and expressed optimism that the House will pass the preferences/TAA bill that includes the trade remedy provisions when it votes tomorrow.

Gibson also commended the Senate for voting today to begin the conference on the customs bill. “Quick action to reconcile the House and Senate versions of the customs bill is also critical for the steel industry. We urge the conferees to adopt the Senate ENFORCE bill, which will gives companies and workers a means to petition Customs and Border Protection to take action in a timely manner to combat the evasion of antidumping and countervailing duty orders,” Gibson concluded.

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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 19 member companies, including integrated and electric furnace steelmakers, and approximately 125 associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI's website at www.steel.org. Follow AISI on Facebook or Twitter (@AISISteel).