Steel Import National Security Review Advances with May 24 Hearing
The Bureau of Industry and Security will conduct a public hearing May 24 as part of its section 232 national security investigation of steel imports. Interested parties who wish to attend this hearing in person must preregister online or via email no later than May 23. This hearing will also be available via live webcast; more information will soon be available at this site.
The BIS self-initiated this section 232 investigation to determine whether imports of steel threaten to impair national security. If the BIS determination is affirmative, and the president concurs, the president has the authority to adjust imports, including through the use of tariffs and quotas. Although the law gives the DOC up to 270 days to conclude a section 232 investigation and submit its report and recommendations, President Trump has directed the DOC to expedite this investigation.
The BIS is soliciting public comments and information on the following factors.
- quantity of steel or other circumstances related to the importation of steel
- domestic production and productive capacity needed for steel to meet projected national defense requirements
- existing and anticipated availability of human resources, products, raw materials, production equipment, and facilities to produce steel
- growth requirements of the steel industry to meet national defense requirements and/or requirements to assure such growth
- impact of foreign competition on the economic welfare of the steel industry
- displacement of any domestic steel causing substantial unemployment, decrease in government revenues, loss of investment or specialized skills and productive capacity, or other serious effects
- relevant factors that are causing or will cause a weakening of the national economy
- any other relevant factors