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DUMPING PETITION ON WIRE ROD RECEIVES GO AHEAD FROM ITC

 WASHINGTON, Feb. 9 /PRNewswire/ -- The U.S. International Trade Commission today determined there was a reasonable indication that imports of stainless steel wire rod from Brazil, France and India were injuring or threatening material injury to domestic wire rod producers.
 "We are very pleased with the commission's preliminary acknowledgement that imports of stainless steel wire rod are injuring U.S. producers," said William J. Pendleton, director of Corporate Affairs for Carpenter Technology Corp. in Reading, Pa., one of the petitioning companies. "We now expect the Department of Commerce to confirm that the imports under investigation are being sold at dumped prices."
 The commission voted 6-0 to continue the anti-dumping case, which was filed on Dec. 30, 1992, by five domestic producers of stainless steel wire rod and the United Steelworkers of America.
 The affirmative finding moves the case forward at the Commerce Department, which has already initiated its own investigation. Commerce will determine preliminary dumping margins by June 8, 1993.
 In addition to Carpenter Technology Corp., the petitioners in the case are Al Tech Speciality Steel, Dunkirk, N.Y.; Armco Sthe petition.
 -0- 2/9/93
 /CONTACT: Meg Mullery for the petitioners, 202-342-8439/


CO: Carpenter Technology Corp.; Al Tech Speciality Steel; Armco
 Stainless & Alloy Products; Republic Engineered Steels;
 Talley Metals Technology, Inc.; United Steelworkers of America ST: District of Columbia IN: MNG SU:


IH -- DC023 -- 4827 02/09/93 16:30 EST
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Date:Feb 9, 1993
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