Government/Policy
August 23, 2024
AISI Op-Ed: Trade remedy legislation is long overdue
Written by Kevin Dempsey
Driven by government subsidies and other trade-distorting policies, crude steel production in China last year exceeded 1 billion metric tons for the fourth year in a row despite slowing domestic demand for steel in that country. As a result, Chinese steel exports grew by 38% in 2023 and by an additional 24% in the first half of 2024.
While most of those exports do not come directly to the US, widespread transshipment of steel through third countries creates opportunities for traders to pursue schemes to circumvent and evade US tariffs and trade remedy orders.

