AISI: US trade laws must be upgraded to address China’s Belt and Road Initiative

The American steel market, including the stainless steel market, continues to face serious threats from subsidized and dumped imports resulting from foreign government policies creating an unfair playing field. It is no secret that China is a major culprit.

For many years, Chinese government subsidies and other trade-distorting economic policies have adversely impacted the global steel market, making China a major contributor to massive global overcapacity in steel, estimated to be 610 million metric tons globally last year. But over the past decade, China has increasingly expanded its trade-distorting practices beyond its borders through its “Belt and Road Initiative” (BRI).

Kevin Dempsey

Kevin Dempsey is the president and CEO of the American Iron and Steel Institute (AISI), a leading advocacy group representing electric arc furnace and integrated American steel producers. He previously served as senior vice president of public policy and general counsel to the Institute. Before joining AISI, Dempsey was a partner at Dewey & LeBoeuf where he led numerous international trade cases on behalf of American steel producers and other US industries. He also served as counsel to former US Senator John C. Danforth (R-Mo.) and the US Senate Committee on Commerce, Science and Transportation.