The American Iron and Steel Institute (AISI) applauded Monday the Department of Commerce’s (DOC) decision to revoke the outdated “suspension agreement” with Russia, which has prevented antidumping duties from being imposed on imports of hot-rolled steel from that country to the US.
Thomas J. Gibson, president and CEO of AISI, said, “This agreement, which was entered into 15 years ago, was designed for a different era and is clearly no longer working. Our industry should not have to endure injury from surging imports of Russian hot-rolled steel that are coming into this country under a deal that no longer serves its intended purpose. On behalf of domestic steelmakers, we welcome Commerce’s decision and are grateful for the support of the chairmen of the Congressional Steel Caucus, as well as Congressman Rick Crawford (R-AR), who have urged this action.”