AISI: U.S. Trade Laws Must be Overhauled to Combat Unfair Trade Practices

SEATTLE (Scrap Monster): The American Iron and Steel Institute (AISI) emphasized the need to update U.S. trade laws to effectively combat dumping, circumvention, and other unfair trade practices.

The Institute wrote a letter to the leadership of the U.S. Senate urging the approval of the Leveling the Playing Field 2.0 Act, along with about a dozen other steel industry and allied groups. The bill amends US antidumping and countervailing duty laws in several ways to address unfair trade practices. It suggests creating the brand-new idea of "successful investigations."

Kevin Dempsey, AISI president and CEO submitted comments to the Office of the U.S. Trade Representative (USTR), in which he raised concerns about China’s failure to comply with its WTO commitments. The comments highlighted that the country violates WTO obligations by continued use of massive subsidies and other trade-distorting measures, which in turn impacts American steelmakers.

Additionally, AISI submitted comments to the Department of Commerce endorsing several suggested modifications to improve the enforcement of American antidumping and countervailing duty (AD/CVD) legislation.

YOU MAY ALSO BE INTERESTED IN:

AISI: U.S. Domestic Raw Steel Output Saw Modest Rise

AISI: U.S. Steel Imports Surged in July