Steel Trade Act

Steel Trade Act - Declares it the policy of Congress that access to the United States market for foreign-produced carbon and specialty steel mill products and other steel products should be limited.

Directs that beginning January 1, 1978, and each year thereafter, steel imports be limited by an amount to be determined by the Secretaries of Labor and Commerce, and such other officials as the President may designate, to a degree which will insure certain economic results.

Declares it the intent of Congress that steel imports should be substantially reduced.