- If steel industry is to survive, U.S. must act to reduce global overcapacity, authors say
- American companies that play by the rules can't win at rigged game, they say
Thomas J. Gibson is president and CEO of the American Iron and Steel Institute. Chuck Schmitt is president of SSAB Americas and chairman of the American Iron and Steel Institute's board of directors. The views expressed are their own.
(CNN)As the backbone of American manufacturing, the steel industry is essential to the world's water and food supply, energy generation and national security. The U.S. military uses steel extensively, ranging from aircraft carriers and nuclear submarines to missiles, armor plate for tanks and every major military aircraft in production. There are a lot of reasons to take pride in American steel.