AISI Statement on U.S.-E.U. Joint Statement Regarding Ongoing Sustainable Steel Negotiations

WASHINGTON, DC– Kevin Dempsey, president and CEO of the American Iron and Steel Institute (AISI), issued the following statement in response to the joint statement released today after the summit meeting between President Joe Biden and European Commission President Ursula von der Leyen regarding ongoing negotiations to establish a Global Arrangement on Sustainable Steel:

“The American steel industry appreciates the U.S. government’s ongoing efforts to negotiate a new international arrangement to address both non-market excess capacity in steel and the carbon intensity of steel imported from around the world. We are disappointed that to date the EU has not been prepared to agree to U.S. proposals to establish new trade measures that can effectively address these two key issues, which are critical to the future of both the U.S. and EU steel industries.

“We recognize that these discussions are challenging and we thank the Biden administration for continuing to press for an agreement that ensures the long-term viability of the American steel industry. We will continue to advocate for an agreement that provides for meaningful and enforceable measures to restrict steel imports from all countries that contribute to non-market excess capacity and that also provides for tariffs on imports of higher carbon emissions intensity steel products.”

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Contact: Lisa Harrison

202.452.7115 / lharrison@steel.org

AISI serves as the voice of the American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI’s membership is comprised of integrated and electric arc furnace steelmakers, and 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, LinkedIn, Twitter (@AISISteel) or Instagram.