Steel Policy: The Good, the Bad, and the Ugly

Policy Brief
January 2003

Hufbauer and Goodrich review the good, the bad, and the ugly dimensions of US steel policy in 2001 and 2002. On balance, the policy has not been nearly as helpful to the US steel industry as partisans hoped. Moreover, the policy should be dramatically changed to avoid potentially ugly trade conflicts. The authors recommend ways both to averting these conflicts and to achieve a lasting solution to the problems that beset the steel industry.