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ITC FINDS STAINLESS STEEL WIRE ROD INDUSTRY INJURED BY IMPORTS

 WASHINGTON, Nov. 16 /PRNewswire/ -- The International Trade Commission (ITC) ruled today that imports of stainless steel wire rod from India injure U.S. producers. The ruling triggers the collection of antidumping duties of 48.8 percent of imports from three Indian producers of wire rod.
 The ITC ruling resulted from a 4-2 vote of the commissioners. It caps an effort which began last December when five specialty steel producers and the United Steelworkers of America (USWA) filed antidumping petitions against Brazil, France and India. The final ITC vote with regard to Brazil and France is scheduled for next January.
 William J. Pendleton, director of corporate affairs for Carpenter Technology Corporation in Reading, Pa., one of the five co-petitioners, stated: "This is a great victory for our industry. We believe we presented compelling evidence to the commission of the injurious effect of Indian import of stainless steel wire rod on our markets. The commission vote confirms our belief. We will closely monitor the impact of the antidumping duty order on our markets to ensure that Indian producers do not attempt to circumvent the order. We look forward to a similar result when the commission votes on the France and Brazilian cases next January."
 The domestic manufacturers are members of the Specialty Steel Industry of the United States (SSIUS), an association with a history of successful attacks on unfair trading practices. The other four co- petitioners are Al Tech Specialty Steel, Dunkirk, N.Y.; Armco Stainless & Alloy Products, Baltimore; Republic Engineered Steels, Massilon, Ohio; and Talley Metals Technology, Inc., Hartsville, S.C.
 USWA represents 550,000 workers in North America employed in the primary and secondary metals industry as well as other industries.
 SSIUS represents virtually all U.S. producers of stainless and alloy tool steels and other high technology metals. The industry employs approximately 35,000 men and women and has annual shipments of more than $6 billion.
 -0- 11/16/93
 /CONTACT: Meg Mullery for the Specialty Steel Industry of the United States, 202-342-8439/


CO: Specialty Steel Industry of the United States; International Trade
 Commission; United Steelworkers of America ST: District of Columbia IN: MNG SU:


KD-MH -- DC016 -- 5024 11/16/93 11:22 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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