ownership have driven this growth, leading to global overcapacity. Excess Chinese steel has been dumped on international markets, affecting the U.S. and steel industries worldwide. To address this, AISI collaborates with international counterparts to form bodies that tackle the global overcapacity issue. Under international pressure, China has reduced its domestic steel production growth but has shifted its focus to exporting steel production capabilities through initiatives like the Belt and Road Initiative. This involves subsidizing the construction of steel mills in other countries, particularly in Southeast Asia, exacerbating the problem of global overcapacity. LEGISLATIVE EFFORTS One of AISI’s current legislative priorities is updating U.S. trade laws to address cross-border subsidies, where China subsidizes steel production in other countries. This emerging issue requires new legal frameworks to ensure that such practices do not undermine the competitiveness of U.S. steel producers. In addition to trade issues, AISI is deeply involved in addressing environmental regulations. The steel industry’s efforts to reduce carbon and other greenhouse gas emissions are critical to meeting broader decarbonization goals. The newly formed sustainability committee at AISI reflects this priority, focusing on cleaner production methods, energy efficiency, and the industry’s role in supporting renewable energy initiatives, such as wind and solar power and steel production for electric vehicles. Dempsey proudly states,“The American steel industry is leading the world in environmental responsibility, producing steel with half the global average emissions. This is a reflection of our unwavering commitment to sustainability.” FUTURE OUTLOOK Looking ahead, AISI continues to focus on education and advocacy to highlight the critical role of American-made steel in achieving environmental and economic goals. The organization is working on new trade measures incorporating environmental 23 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 06 AISI - AMERICAN STEEL
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