SMA and other Steel Industry Groups Support New Trade Remedy Bill

Washington, DC – The Steel Manufacturers Association (SMA) joined four other steel industry organizations in support of bipartisan legislation, “Eliminating Global Market Distortions to Protect American Jobs Act of 2021,” introduced by Senators Sherrod Brown (D-OH) and Rob Portman (R-OH).  In a letter to the Senators, the five steel associations highlighted how the bill would strengthen U.S. trade remedy laws, enhance trade enforcement tools and help fight unfair trade practices. The new bill also takes aim at cross-border subsidization schemes in which foreign governments subsidize steel industries in other countries.

SMA president, Philip K. Bell, commented, “providing more resources to improve the U.S. trade remedy system should be a top priority as it will offer quicker relief than the current system. The bill will also go a long way in addressing issues that stem from countries who subsidize across borders, abuse the system and circumvent U.S. trade laws.”

Bell added, “continuing to seek a level playing field and enhancing the effectiveness of U.S. trade laws will help American workers and communities. The SMA applauds the continued leadership of Senators Brown and Portman in support of American steelmakers.”

Click here to read the industry letter.