A century ago when MSCI was founded, most metal service centers were located within a day’s travel of their customers. Today, our members’ supply chains and customers are global. As a nation and as an industry we must embrace the benefits of international trade, but our leaders must ensure our trading partners play by an established set of international rules, including currency rules. Policymakers must foster strategic trading relationships and free and fair trade agreements that encourage U.S. partners to play by those rules, but also allow for expedient and efficient legal action when they are violated.

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Why it Matters

Opening new markets and building supply and sourcing opportunities is vital to the competitiveness and growth of the North American manufacturing economy.  Ninety-six percent of the world’s consumers live outside the United States. Trade with foreign nations breeds economic growth, creates well-paying jobs at home and raises workers’ standard of living—as long as there is a level playing field. Failure to confront countries that violate international trade rules reduces employment at home and erodes the United States’ reputation abroad.

Our Principles

Policymakers must –

  • Open new markets to North American products.
  • Enforce and strengthen current laws and agreements that are meant to prevent and combat unfair trade practices, including currency manipulation.
  • Address unfair trade practices through legal action when necessary.

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