To provide for the revocation of certain exclusions from the safeguard measures imposed by the President on imports of certain steel products.

Directs the President to review certain steel tariff exclusions granted to foreign companies and to revoke: (1) any exclusion that would have been denied pursuant to an objection if the objection had been timely filed; and (2) any exclusion that was obtained by materially false or misleading information regarding the availability of a competing domestic product.