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ITC FINDS STAINLESS STEEL WIRE ROD IMPORTS INJURE INDUSTRY

 WASHINGTON, Jan. 14 /PRNewswire/ -- The International Trade Commission (ITC) ruled today that imports of stainless steel wire rod from Brazil and France injure U.S. producers. The ruling triggers the collection of antidumping duties of 24.39% on stainless wire rod imports from two French producers and 24.63% to 26.50% on imports from three Brazilian producers.
 The ITC ruling resulted in a 5-1 vote of the Commissioners. It caps an effort which began in December 1992 when five specialty steel producers and the United Steelworkers of America (USWA) filed antidumping petitions against Brazil, France and India. The final ITC vote on November 16, 1993 with regard to India resulted in antidumping duties of 48.8% on imports from three Indian producers.
 William J. Pendleton, Director of Corporate Affairs for Carpenter Technology Corporation in Reading, PA, one of the five co-petitioners, stated, "The ITC vote is the culmination of a year-long process in which each and every one of the U.S. industry's allegations of dumping and injury were confirmed. We are looking forward to the dumping duties going into effect and the return to conditions of fair competition in the U.S. stainless wire rod market." Mr. Pendleton noted that the industry is continuing to follow stainless wire rod import trends, and he indicated that, "the industry would not hesitate to use the trade laws to deal with any attempts to circumvent the dumping duties, or to file additional actions if stainless wire rod producers in other countries attempt to negate the benefits of these cases through the use of the same kinds of unfair trade practices."
 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, NY; Armco Stainless & Alloy Products, Baltimore, MD; Republic Engineered Steels, Massillon, OH; and Talley Metals Technology, Inc., Hartsville, SC.
 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- 1/14/94
 /CONTACT: Bert Delano, 412-394-2813, or Meg Mullery 202-342-8439, both for the Specialty Steel Industry of the United States/


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


DT-KW -- DC009 -- 1192 01/14/94 12:06 EST
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Publication:PR Newswire
Date:Jan 14, 1994
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