U.S. steel firms urge Trump to act now to curb imports


WASHINGTON, Feb 1 (Reuters) – Twenty-five U.S. steel companies and groups urged President Donald Trump on Thursday to urgently impose trade measures to curb excess steel capacity and surging imports affecting the U.S. industry.

In a letter signed by some of the leading U.S. steel companies, the American Iron and Steel Institute called on Trump to immediately act under “Section 232” of a 1962 U.S. trade law, which allows for sweeping restrictions to protect national security.

“We urge you to implement a remedy that is comprehensive and broad based, covering all major sources of steel imports and the full range of steel products, with only limited exceptions for products not currently available in the United States,” according to the letter seen by Reuters. (Reporting by David Lawder and Lesley Wroughton; Editing by Peter Cooney)

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