AISI Says President's Speech to Congress "Positive for Steel"

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For Immediate Release

February 28, 2017

Washington, D.C. – Thomas J. Gibson, president and CEO of the American Iron and Steel Institute, reacted to tonight’s speech to Congress by President Trump on issues impacting the steel industry:

“We are pleased that the president’s speech tonight illustrates his continued commitment to manufacturing and issues impacting the steel industry. AISI’s public policy agenda reflects a number of the goals the president referenced this evening - especially with regard to combatting unfair foreign trade, providing robust infrastructure and ensuring tax reform encourages investment.

“By focusing on aggressive enforcement of our trade laws, we believe the president’s trade agenda can help to address some of the global market-distorting policies and practices that have resulted in massive global steel overcapacity and significant levels of steel imports entering into the U.S. In addition, we are pleased that the president has advocated lowering the corporate tax rate, which would help steel and other industries increase competitiveness. And, last, we are heartened that the president committed to making good on his campaign promise of a robustly-funded infrastructure program, which is necessary to transport steel and steel goods, and is also a steel-intensive market. The president’s plan to connect private investors with federal, state and local governments for funding, and his commitment to ensuring that steel made in the U.S. will continue to be used in federally funded infrastructure projects, will go a long way toward revitalizing our infrastructure and rebuilding our roads and bridges.”

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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 18 member companies, including integrated and electric furnace steelmakers, and approximately 120 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).