Countries like China, India, Brazil, Korea, Turkey and those in the European Union have all used extensive government support to fuel export-oriented steel capacity for the past 20 years, resulting in a massive global steel overcapacity problem. And for too long, American workers paid the price.
The good news: Section 232 measures are working, supporting new investment, steel worker jobs and the economic health of communities across the country. These measures were implemented in 2018 and have strengthened American steel output, national security, and our domestic steel industry’s ability to support our nation’s critical infrastructure needs. Section 232 measures on steel are necessary as long as overcapacity continues to persist across the globe.
Explore the global overcapacity problem below: