WASHINGTON, D.C. – Thomas J. Gibson, president and CEO of the American Iron and Steel Institute (AISI), today issued the following statement in response to the announcement today of an agreement between the Trump administration and congressional Democrats that will allow the United States-Mexico-Canada Agreement (USMCA) to move forward for Congressional ratification:
“The steel industry welcomes today’s agreement between the administration and congressional Democrats that clears the way for a congressional vote on the USMCA. Implementation of the USMCA is critical to strengthening the steel industry’s competitiveness in the face of the continued challenges from global excess capacity and weakening demand. We urge Congress to quickly pass this new trade agreement before the end of this year.”
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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’s membership is comprised of integrated and electric 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 or Twitter (@AISISteel).