Yet they continue to face unfairly traded and injurious steel imports that are not market-based, and not a product of lower cost, more efficient competitors.
Trade policy has a critical impact on steel's competitiveness.
For decades, massive government subsidies, closed markets, private cartel practices, and pervasive dumping have characterized the world steel industry. By the early 1980s, this situation led to enormous world steel overcapacity, and to huge financial and employment losses in the U.S. steel industry. This record import surge has already caused serious injury to U.S. steel companies and workers, and now threatens to undo much of the progress achieved in recent years. We support the use of all necessary measures to address the serious injury from this crisis. We support efforts to rebuild domestic steel demand in the CIS and Asia.