Call to ban trade-distorting measures

Archiv – The lack of a level playing field for steel scrap is harming US steel producing and consuming industries, it has been alleged. Foreign steel producing countries are restraining their scrap exports in order to subsidise local steel production. At the same time, export restraints distort the world market for steel scrap.The lack of a level playing field for steel scrap is harming US steel producing and consuming industries, it has been alleged. Foreign steel producing countries are restraining their scrap exports in order to subsidise local steel production. At the same time, export restraints distort the world market for steel scrap.
The Emergency Steel Scrap Coalition (ESSC) and the Institute of Scrap Recycling Industries (ISRI) have agreed to work together in a bid to eliminate global trade barriers affecting steel scrap. ISRI supports the coalition’s efforts in this area, and in particular the elimination of steel scrap export taxes and other barriers maintained by Russia and the Ukraine, either through a Section 301 petition or other means. They believe that eliminating foreign government export restrictions may be the most productive route towards solving this problem.
The ESSC has decided not to pursue the imposition of restraints on the export of steel scrap from the USA. Both organisations have called upon the US government to take immediate action to eliminate trade-distorting measures affecting scrap steel.