AISI Hailed Trump’s Trade Deals with Malaysia and Cambodia
Steel News | 2025-10-27 11:53:12
The trade body appreciated Trump administration’s continuing efforts to collaborate with trading partners to address global steel excess capacity and unfair trade in steel.
By Paul Ploumis
SEATTLE (Scrap Monster): The American Iron and Steel Institute (AISI) has issued a statement applauding President Trump’s signing of new trade agreements with Malaysia and Cambodia, praising the administration’s continued commitment to addressing global steel overcapacity and unfair trade practices.
Kevin Dempsey, President and CEO of AISI, commended President Trump, Ambassador Greer, and the U.S. trade team for securing Malaysia’s commitment to join the Global Forum on Steel Excess Capacity and take concrete steps to curb excessive steel production. He emphasized that such initiatives strengthen global cooperation and support fair trade in the steel industry.
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Dempsey also welcomed key provisions in both trade agreements aimed at enhancing collaboration and information exchange with the United States on antidumping and countervailing duty enforcement, helping to tackle unfair trade practices in steel markets worldwide.
Additionally, AISI highlighted Malaysia’s pledge to avoid export bans on critical minerals, remove rare earth export quotas to the U.S., and partner with American companies to develop its rare earth and critical minerals sector.
The Institute stated that these agreements mark a significant step forward in promoting fair competition, strengthening global supply chains, and ensuring a level playing field for the U.S. steel and manufacturing industries.
Frequently Asked Questions
- What commitments did Malaysia make under the new agreement?
Malaysia agreed to join the Global Forum on Steel Excess Capacity and to take effective measures to reduce global steel overproduction, aligning with international efforts to stabilize the steel market.
- How do these agreements support fair trade in the steel industry?
Both the Malaysian and Cambodian agreements include provisions to expand cooperation and share information with the United States on antidumping and countervailing duty actions, helping to combat unfair steel trade practices worldwide.
- What additional commitments did Malaysia make regarding minerals?
Malaysia pledged to refrain from banning critical mineral exports to the U.S., remove rare earth export quotas, and partner with American companies to develop its rare earth and critical minerals sector.
