SMA and AISI welcome US-EU duty-free quota agreement

US President Joe Biden’s decision to implement a duty-free quota deal on steel imports from the European Union has been welcomed by the heads of two major US steel trade bodies.

Philip K Bell, president of the Steel Manufacturers Association (SMA), which represents electric arc furnace steelmakers in the United States, and Kevin Dempsey, president and CEO of the American Iron and Steel Institute ( AISI) have both issued statements.

Mr. Bell is happy that the Biden administration has officially implemented a tariff-free quota deal and Mr. Dempsey welcomes the president’s action.

“The SMA is pleased that the Biden administration has formally implemented a tariff rate quota (TRQ) under Section 232 on steel products imported from the European Union. This is the result of negotiations between the United States and the EU which ended in October. As steel imports increase and capacity utilization has declined in recent months, it is essential that the implementation, administration and enforcement of this new agreement be done in a manner that continues to be effective. support American steel companies and workers.

“We welcome the fact that this agreement includes provisions to ensure that only steel melted and cast in the EU will be eligible for free tariff status. The SMA is also ready to work with the administration on a regulatory review of the current 232 exclusion process. For this alternative plan to work, we need to be sure that millions of tonnes of steel products are not found. a duty-free path to our shores when many of these products are made here in the United States. ”

Bell added: “This new agreement also highlights the importance of reducing carbon intensity in the global steel industry. This is an area where US steelmakers are leading the way in producing the lowest carbon steel in the world by being the world leaders in recycling and producing steel for electric furnaces. We sincerely hope that this agreement will inspire other countries to adopt a market-oriented approach to steel trade and sustainable steelmaking.

“We welcome the fact that this agreement includes provisions to ensure that only steel melted and cast in the EU will be eligible for free tariff status.”

Philip K Bell, President, Steel Manufacturers Association

Kevin Dempsey, president and CEO of the American Iron and Steel Institute (AISI), said: reached by US and EU last October. We are particularly pleased that the President’s proclamation underlines that only steel melted and cast in the EU will benefit from this alternative arrangement. The proper implementation and enforcement of the TRQ will be critical to preventing another surge in steel imports that would undermine our industry and destroy well-paying U.S. jobs.

“We also welcome the President’s direction to the Secretary of Commerce to initiate a regulatory review of the Section 232 exclusion process that will focus on enhanced consultations with US businesses and labor organizations. “

Kevin Dempsey, President and CEO of the American Iron and Steel Institute

“We also welcome the President’s direction to the Secretary of Commerce to initiate a regulatory review of the Section 232 exclusion process that will focus on enhanced consultations with US businesses and labor organizations. AISI looks forward to working with the administration to seek improvements in the exclusion process to ensure that only steel products truly not available in the domestic market are exempt from Section 232 measures.

“AISI continues to support the administration’s efforts to negotiate a global agreement to restore market-oriented conditions in global steel markets and tackle the carbon intensity of traded steel in the world. The US steel industry is the cleanest and most energy efficient of the major steel industries in the world and we have achieved these results through market-based competition and without relying on market-distorting government subsidies. It’s a model we urge other countries to embrace as we work together to provide solutions to the global climate crisis and eliminate global steel overcapacity.


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