A bill relating to certain bilateral arrangements to limit the importation of steel products into the United States.

Amends the Steel Import Stabilization Act to direct the U.S. Trade Representative, in negotiating with Japan and South Korea on steel products import limits, to negotiate the apportionment of the aggregate limit among specified subcategories of steel products. Directs the U.S. Trade Representative to apportion the aggregate limit if such negotiations are not successfully concluded within 30 days of the enactment of this Act. Sets forth such subcategories.