Steel Import Stabilization Act

[AI summary unavailable — showing source text] Steel Import Stabilization Act - Expresses the sense of the Congress that: (1) the President should implement the national policy for the steel industry in a manner that restores the foreign share of the U.S. market for carbon and alloy steel products to approximately 17 percent; (2) the national policy for the steel industry should not be implemented in a manner contrary to the antitrust laws; and (3) if the national policy for the steel industry does not produce satisfactory results within a reasonable time, the Congress will consider taking legislative actions to stabilize conditions in the domestic market for steel and iron ore products. Defines the national policy for the steel industry as those actions and elements described in Executive Communication 4046, dated September 18, 1984. Authorizes the President, subject to specified conditions, to carry out such actions as may be necessary or appropriate to enforce the quantitative limitations and restrictions contained in each bilateral arrangement (an arrangement made to implement the national policy for the steel industry) or other export measure required by a foreign government or customs union. Directs the President, in appl…