The U.S. Steel
Advantage
U.S. steel manufacturers are among the most carbon efficient in the world, according to a study from the Climate Leadership Council.
The industry benefits from using the electric arc furnace process, which is less carbon intensive than the blast furnace method used by other global producers.
In long steel production, the U.S. is…
4x
as efficient than the global average
5x
as efficient as China
7x
as efficient as India
A carbon fee and border adjustment would unlock new economic opportunity for the U.S. steel industry and its workers.
Why?
The industry makes steel with less carbon emissions than all of its major competitors. U.S. steelmakers are 75%-320% more carbon efficient than global producers.
How?
By charging imports at the border for their emissions. This would cause steel imports to fall by as much as 50% and drive some of the least carbon efficient producers, like China, out of the U.S. market altogether.
Impact:
As U.S. steelmakers displace imports, their sales and profitability grow.
SALES
up as much as
PROFITABILITY
up as much as
STEEL IMPORTS
down by much as
Source: CRU International
All steelmaking regions of the U.S. stand to gain.
