Global Steel Monitor to Provide New Way to Look at Steel Industry

The Department of Commerce  is initiating a new series of reports that detail steel trade flows around the world. The reports will provide a summary of steel activity in 20 countries that will enhance market intelligence for U.S. businesses. The reports will serve as the basis for a new Global Steel Trade Monitor to be fully implemented in 2017.

U.S. Secretary of Commerce Penny Pritzker said in a statement, “The Obama Administration understands the impact of unfair trade practices on our steel industry, and has taken strong action to mitigate the effects of global excess capacity on our businesses, our communities, and our workers. The reports we are releasing today are in direct response to our industry’s desire for more comprehensive and transparent information about global steel trade trends, which will strengthen our companies and our government’s ability to address challenges facing this critical sector.”