AISI Released Statement on Carbon Border Fee Legislation

SEATTLE (Scrap Monster): The American Iron and Steel Institute (AISI) issued statement on the “Foreign Pollution Fee Act of 2023” legislation introduced by Senator Bill Cassidy, M.D., (R-LA). The bill aims to introduce carbon border fees on certain imported goods from other countries whose greenhouse gas (GHG) emissions intensity is higher than that of competing domestically manufactured goods.

In the statement, Kevin Dempsey, president and CEO of AISI noted that the global greenhouse gas emissions can be effectively reduced only through policies that make world’s most GHG-intensive producers accountable for their action. The U.S. steel industry is the cleanest among leading steel industries in the world and produces the lowest GHG emissions per ton of steel produced. The establishment of a comprehensive GHG border fee will help ensure a level playing field for U.S. domestic producers, it added.

AISI pointed out that the current draft of the legislation would exempt some countries from being subject to the border fee, even if products made in those countries have higher GHG emissions intensity than that of U.S.- made goods. It looks forward to continue to work with Senator Cassidy and colleagues to guarantee that the rule applies to all imported steel goods regardless of the country of origin.

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