Thomas J. Gibson, president and CEO of the American Iron and Steel Institute (AISI), issued the following statement regarding Senate passage, by a vote of 89-10, of legislation implementing the United States-Mexico-Canada Agreement (USMCA).

Sixteen steel industry associations on five continents praised the agreement by a “large majority of members of the Global Forum on Steel Excess Capacity (GFSEC)” to “continue the Forum’s work on the issue of steel excess capacity,” and called upon the few dissenting members to reconsider their current position as quickly as possible.

Nineteen steel industry associations in the Americas, Europe, Africa and Asia today called for the governments of steelmaking economies to step up efforts to effectively tackle persistent global excess capacity in the steel sector, including by quickly implementing strong rules and remedies that reduce excess capacity, its impact and its causes.

AISI announced the release of its 2018 Annual Statistical Report (ASR), which provides comprehensive data on the U.S. steel industry and select data on the North American steel industry as a whole.