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| US STEEL Act |
STEEL Act Targets Dumping and Duty Evasion
The STEEL Act aims to prevent foreign steel dumping that depresses U.S. prices. As a result, Customs and Border Protection (CBP) can self-initiate investigations if evidence of evasion arises. Meanwhile, judicial review is restricted until all duties are paid. Therefore, the act ensures fair competition and protects U.S. steel producers from illegal trade practices.
Industry Support and Legislative Goals
The American Iron and Steel Institute (AISI) and Committee on Pipe and Tube Imports (CPTI) endorse the STEEL Act. In contrast, foreign producers have long undercut American steel with below-cost exports. Consequently, the act addresses loopholes, enhances enforcement, and helps maintain U.S. market share. Lawmakers emphasize protecting jobs and domestic manufacturing through stricter trade laws.
Implications for U.S. Manufacturers
Meanwhile, the STEEL Act strengthens tools for CBP to combat fraud, transshipment, and duty evasion. As a result, American steel companies gain more security in pricing and competition. Furthermore, the legislation may reduce unfairly traded imports that historically eroded U.S. manufacturers’ profits. Therefore, U.S. producers and workers are likely to benefit from improved enforcement.
ScrapInsight Commentary
The STEEL Act strengthens U.S. trade enforcement, closing loopholes and deterring dumping. Domestic steel producers and workers may see more stable prices. Strong enforcement will support fair competition and U.S. manufacturing resilience.
