SPECIALTY STEEL INDUSTRY OF NORTH AMERICA APPLAUDS TRUMP ADMINISTRATION'S ACTIONS TO ADDRESS GLOBAL EXCESS STEEL CAPACITY

WASHINGTON, Oct. 10, 2025 /PRNewswire/ -- In virtual remarks delivered earlier today to a ministerial meeting of the Global Forum on Steel Excess Capacity ("GFSEC") in Gqeberha, South Africa, U.S. Trade Representative Jamieson Greer highlighted actions taken by the Trump Administration to counter excess capacity in the U.S. market and emphasized the importance of Forum members working expeditiously to develop a new framework to address global steel excess capacity.

The Specialty Steel Industry of North America ("SSINA") strongly supports Ambassador Greer's remarks and the Trump Administration's efforts to address global excess steel capacity. Chris Zimmer, SSINA's Chairman and the President and Chief Executive Officer of Universal Stainless & Alloy Products Inc., made the following statement:

SSINA and its members are very grateful for the efforts of the Trump Administration to address and counter global excess steel capacity. For too long, excess steel capacity, which is uneconomic and results from foreign government subsidies and non-market policies, has distorted global markets and harmed SSINA member companies. Persistent, state-supported capacity growth abroad continues to distort high-performance and stainless markets, causing direct negative effects on U.S. specialty steel producers and their workforces. Ambassador Greer is exactly right that there is an urgent need for collective action now by GFSEC members to develop a new framework to address excess steel capacity. SSINA urges other governments to work together with the United States to develop a new joint framework and action plan to resolve this urgent and long-standing problem.

About the Specialty Steel Industry of North America: The Specialty Steel Industry of North America (SSINA) is a voluntary trade association representing the majority of the producers of specialty metals in North America. Our members produce a variety of products including semi-finished, bar, rod, wire, angles, plate, sheet and strip, in stainless steel and other high-performance materials.

Established in 1963 and funded by SSINA members and sponsors, the association is the voice of the North American specialty metals industry. SSINA promotes sound public policies to ensure a healthy and vibrant industry and works to expand the recognition and use of specialty metals in North America. The association also serves as a critical data and information resource for its membership and the public at large.

SOURCE Specialty Steel Industry of North America