WASHINGTON, D.C. – Kevin Dempsey, interim president and CEO of the American Iron and Steel Institute (AISI), today applauded the entry into force of the United States-Mexico-Canada Agreement (USMCA):
“Today’s entry into force of the USMCA represents a significant achievement by the United States, Canada and Mexico that will benefit the North American steel industry and its customers throughout the region. For U.S. producers of steel, Canada and Mexico are our two most important export markets, together accounting for nearly 90 percent of all U.S. steel mill exports. By incentivizing the use of North American steel through its enhanced rules of origin, this Agreement will help keep manufacturing supply chains strong for goods made primarily from steel. And the USMCA will promote increased cooperation among the three North American governments to address unfair trade practices such as transshipment and the circumvention and evasion of trade remedy orders.
“The steel industry is hopeful that entry into force of this important trade agreement will help bolster demand for steel throughout North America. Our steel producers are prepared to supply the steel their auto and other customers need to meet the new regional value content requirements of the USMCA.”
Contact: Lisa Harrison
202.452.7115 / email@example.com
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).