Steel Rehabilitation and Restructuring Act of 1987

[AI summary unavailable — showing source text] Steel Rehabilitation and Restructuring Act of 1987 - Limits to specified percentages of the expected apparent domestic supply annual imports of certain carbon and alloy steel articles and specialty steel products. Sets forth a formula for determining the aggregate quantity of such products that may enter the United States in any calendar year after 1986. Requires the Secretary of Commerce, when allocating such limitations among foreign countries, to consider: (1) relevant provisions of voluntary export restraint agreements; (2) findings of unfair trade practices with respect to steel mill products; and (3) such other considerations as appropriate. Requires the Secretary, within 60 days after enactment of this Act, and in each October 1 thereafter, to determine the expected apparent domestic supply for such steel products. Requires the Secretary, on each such date, to determine and publish in the Federal Register the allocation for the next succeeding calendar year of permissible imports of such products by country or area. Requires quarterly revisions of such determinations. Declares that it is a goal of this Act to ensure that the entry of such steel products be equalized, taking …