(*) Except that the numbers they've published are gross, and it's the net that counts.
Dumping didn't scupper US steel production; excess of supply over demand did. (When there's evidence that dumping is occurring, a countervailing duty is imposed.) US steel producers, with high overheads, can't cope with low prices. Suppliers in low wage economies can.
Yes, free trade enabled that, but it also lowered the cost of pretty much everything we buy. If the US closed itself off from free-trade, the ICs and electronics would still be made elsewhere in the world, and sold cheaply almost everywhere, but to buy those goods in the US would be expensive, and condemn the rest of the economy to uncompetitiveness. Look to the closed economies of the Soviet bloc to see how well *that* idea worked...
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