To express the sense of the Congress that the United States Trade Representative must negotiate a tough but fair multilateral trade agreement regarding steel products.

Expresses the sense of the Congress that the United States Trade Representative must negotiate a multilateral trade agreement that: (1) provides the U.S. steel industry with a level of protection equal to that enforced under the Steel Import Stabilization Act; and (2) does not include provisions that would weaken U.S. antidumping or countervailing duty laws.

Urges the Department of Commerce and the International Trade Commission to process expeditiously, while ensuring enforcement of relevant statutes and regulations, any petitions filed by domestic producers regarding unfair steel trade practices.