This spring, American President Donald Trump commissioned an
analysis of the effects of steel imports on U.S. national security. The purpose of
this analyzes is to determine whether imported steel impairs the country's
national, economic or military security. According to the official statistic issued
by the World Steel Association, China is the world's largest steel producer
(49.6 percent from 1,630 million tons which was 2016 world production). The
European Union produced 9.9 percent of the world production, NAFTA countries (the
U.S and Canada) 6.7
percent, and Japan 6.4 percent.
Yale
Fishman, adviser and senior lawyer in Yale Fishman Associates has been
following the top import sources for years now. As he explains, the
largest net exporter of steel is China, which last year exported 94.5 million
tons more than it imported. China's total exports amounted to 108.1 million
tons, which means that China’s imports are absolutely minimal.
