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BRAZIL, INDIA, ITALY, JAPAN AND SPAIN CHARGED WITH DUMPING BY STAINLESS STEEL BAR PRODUCERS AND UNION

 WASHINGTON, Dec. 30 /PRNewswire/ -- The U.S. specialty steel industry and the steelworkers' union said they have again joined forces one last time this year in their continuing battle against unfairly traded imports.
 An antidumping petition filed today with the U.S. Department of Commerce and International Trade Commission (ITC) by five domestic stainless steel bar producers and the United Steelworkers of America, AFL-CIO/CLC (USWA) charges that stainless steel bar from Brazil, India, Italy, Japan and Spain is being "dumped" or sold in the United States at less than fair value. The petition contends that foreign producers have been selling stainless steel bar at significant dumping margins and requests the imposition of antidumping duties at margins ranging up to 151.99 percent.
 "While total U.S. consumption of stainless steel bar increased through the first nine months of 1993, imports surged more than 31 percent and captured nearly all of that growth through unfair pricing tactics. The five countries targeted, which account for about 65 percent of the total stainless bar imports in 1993, have dumped in the U.S. to offset recessions in their home markets," William J. Pendleton, director of corporate affairs for Carpenter Technology, one of the co-petitioners, said.
 The petition notes that net operating income in the industry declined from $29.6 million in 1990 to an operating loss of $12.5 million in 1992. The industry is expected to continue in the red in 1993 as dumped imports increase their share of the domestic market. Notably, these trends resulted in one of the largest stainless steel bar producers, Armco Stainless & Alloy Products, ceasing production of stainless bar in April 1993.
 Today's action, the largest single dumping petition ever filed by the specialty steel industry on one product, is the latest step in the campaign being waged by the industry and union to stop the surge of unfairly traded imports into the United States. Said David A. Hartquist, counsel to the petitioners and an international trade attorney with the Washington law firm of Collier, Shannon, Rill & Scott: "Today's filing comes on the first anniversary of antidumping petitions filed against Brazil, France and India, charging dumping of stainless steel wire rod. An antidumping duty of 48.8 percent was assessed on product from India, and we anticipate a successful conclusion of our antidumping petitions against Brazil and France when they are decided next month."
 Hartquist noted that in 1993 the specialty steel industry and union also filed antidumping petitions against welded stainless steel pipe from Malaysia and electrical steel from Italy and Japan. "We are developing other unfair trade cases for filing in 1994," Hartquist observed.
 The five manufacturers account for virtually all production of stainless steel bar in the United States. They are Al Tech Specialty Steel Corp., Dunkirk, N.Y.; Carpenter Technology Corp., Reading, Pa.; Republic Engineered Steels Inc., Massillon, Ohio; Slater Steels Corp., Fort Wayne Specialty Alloys Division, Fort Wayne, Ind.; and Talley Metals Technology Inc., Hartsville, S.C.
 Principal industries that use stainless steel bar products include industrial and commercial machinery, electronics, marine, aerospace and transportation.
 The Specialty Steel Industry of the United States (SSIUS) represents virtually all U.S. producers of alloy and 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.
 USWA represents 550,000 workers in North America employed in the primary and secondary metals industry as well as other industries.
 -0- 12/30/93
 /CONTACT: Bert Delano, 412-394-2813, or Meg Mullery, 202-342-8439, both for the Specialty Steel Industry of the United States; or Gary Hubbard of the United Steelworkers of America, 412-562-2442/


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


KW-DC -- DC012 -- 8143 12/30/93 16:39 EST
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Date:Dec 30, 1993
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