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COMMERCE EXTENDS STG INVESTIGATION

 COMMERCE EXTENDS STG INVESTIGATION
 WASHINGTON, May 20 /PRNewswire/ -- The Commerce Department has


agreed to extend until June 15 the deadline for the preliminary determinations in its on-going antidumping investigations of imports of welded stainless steel pipe from Korea and Taiwan. The Specialty Tubing Group (STG), a coalition of domestic producers of stainless steel pipe and tube, which instigated the investigation, requested the extension.
 STG Chairman William K. Grant, president of Trent Tube Division, Crucible Materials Corp., stated that the purpose of asking for the additional time is to ensure that the Commerce Department will have sufficient opportunity to analyze the Korean and Taiwanese producers' price and cost data. "We continue to believe," Grant observed, "that the Commerce Department will confirm below-cost sales and substantial margins of dumping by the Koreans and Taiwanese. We want the Commerce Department to conduct as thorough an investigation as possible."
 If the Commerce Department's preliminary determinations establish dumping, importers will be required to post bond on future entries, and liquidation will be suspended pending resolution of what antidumping duties should be fully assessed and collected.
 In addition, suspension of liquidation can be imposed retroactively on entries up to three months prior to the Commerce Department's preliminary determinations if massive imports occur over a relatively short period at known or clearly dumped prices. In this connection, David A. Hartquist, the STG's counsel, commented that retroactive suspension of liquidation has already been requested with respect to imports from Taiwan and will be with respect to imports from Korea if necessary. "We are certainly monitoring the situation closely," said Hartquist, "and will continue to forward to Commerce whatever evidence becomes available to us that a finding of retroactive suspension of liquidation is warranted. In other words, we'll be watching to see whether the Taiwanese and Koreans try to jam as much volume as possible into the U.S. before June 15."
 The co-petitioners in these cases include four members of the STG: Avesta Sandivk, Tube, Inc., Schaumburg, Ill.; Bristol Metals, Bristol, Tenn.; Damascus Tubular Products, Greenville, Pa; and Trent Tube Division, East Troy, Wis.; as well as the United Steelworkers of America.
 -0- 5/20/92
 /CONTACT: Meg Mullery for the Specialty Tubing Group, 202-342-8439/ CO: Specialty Tubing Group ST: District of Columbia IN: SU:


MH-DC -- DC027 -- 2413 05/20/92 15:04 EDT
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Date:May 20, 1992
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