WASHINGTON, D.C. – Thomas J. Gibson, president and CEO of the American Iron and Steel Institute (AISI), today issued the following statement regarding the House of Representatives vote on the United States-Mexico-Canada Agreement (USMCA) expected tomorrow:
“The USMCA will benefit steel producers in the United States by improving on the terms of NAFTA in several key respects. By incentivizing the use of North American steel in the production of automobiles, auto parts, welded pipe and tube, and a number of other goods made primarily from steel through strengthened rules of origin and enhanced regional value content requirements, this agreement helps keep the steel industry manufacturing supply chain in North America strong. The USMCA also includes important provisions to promote increased cooperation and information sharing among the three North American governments to address circumvention and evasion of trade remedy orders. Such increased cooperation is essential to address more effectively the repeated surges of dumped and subsidized imports of steel products that have injured domestic steel producers in recent years.
“AISI is reaching out to all members of the House today urging them to pass the implementing legislation to approve the USMCA tomorrow -- and we also call on the Senate to pass this legislation as quickly as possible.”
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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).