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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
4/29/1982--Introduced. Steel Recovery Act of 1982 - Limits the total amount of each product line of steel that may be imported annually. Directs the Secretary of Commerce, on an annual basis, to: (1) calculate the domestic consumption of each product line of steel; (2) determine the total amount of each product line of steel that may be imported; and (3) certify that determination to the Secretary of the Treasury. Directs the Secretary of the Treasury to ensure that the quantity of steel imported annually does not exceed such amount. Provides for the allocation of steel permitted entry among the supplying countries.