Analysis
January 5, 2024
SMA: Looking ahead at 2024
Written by Philip K. Bell
The new year represents an opportunity to capitalize on America’s leadership position in free market principles, steel industry modernization, and global efforts to create a lower carbon future for the steel industry. Steel Manufacturing Association (SMA) members are poised to lead the way.
International trade will continue to dominate the conversation around steel. The White House recently announced the extension of the EU’s steel tariff-rate quotas (TRQs) until Dec. 31, 2025, paving the way to avoid EU retaliatory tariffs on American manufactured products. The move gives the United States and the EU time to work out a long-term trade deal that reflects our commitment to emissions reduction, while protecting American and European workers against unfair trade practices and the proliferation of non-market excess steel capacity.
