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ITC HEARS TESTIMONY OF STAINLESS STEEL PIPE PRODUCERS SUPPORTING DUMPING CHARGES

 ITC HEARS TESTIMONY OF STAINLESS STEEL PIPE PRODUCERS
 SUPPORTING DUMPING CHARGES
 WASHINGTON, Dec. 10 /PRNewswire/ -- The International Trade Commission (ITC) heard testimony today supporting dumping charges aimed at Korean and Taiwanese producers of welded stainless steel pipe.
 "The feedback from distributors in the United States has been and remains that the Korean and Taiwanese welded pipe producers are always ready to sell below domestic producers' prices," testified William K. Grant, president of Trent Tube, a division of Crucible Materials Corporation in East Troy, Wis. Grant also serves as chairman of the Specialty Tubing Group, an association of domestic producers of welded stainless steel pipe and tube.
 Grant charged that the Korean and Taiwanese producers are bent on taking over as much of the U.S. market as possible by means of dumping. Grant pointed out that together they already have almost one-third of the market. Said Grant, "This is a remarkable achievement given that they had as little as 8 percent of the market as recently as 1989."
 Grant stressed to the commission the urgency of the situation. "We (the industry) do not believe that we are being alarmists or exaggerating when we say that the Koreans and Taiwanese are not far from driving us out of this business," said Grant. "This comes as no surprise. They are playing by different rules than we are. It is frustrating in the extreme to produce world-class ASTM A-312 pipe (the imported product at issue) as efficiently as anyone and yet to watch as dumped sales take over the market."
 In addition to Trent Tube, the co-petitioners filing the cases against Korea and Taiwan are Avesta Sandvik Tube, Inc., Shaumburg, Ill.; Bristol Metals, Bristol, Tenn.; Damascus Tubular Products, Greenville, Pa.; and the United Steelworkers of America. Speaking on behalf of the petitioners, Washington lawyer David A. Hartquist addressed the issue of the March 31, 1992 expiration of the Voluntary Restraint Arrangements (VRAs) with Korea and the resulting likelihood of significant increases in imports in the United States. Taiwan refused to enter into a VRA.
 Hartquist stated that Korea has consistently exceeded the VRA limits on imports of welded stainless steel pipe and said the Taiwanese have exceeded their already too liberal "self-restraint limits" on this product. "These voluntary restraints have not had much effect to this point; however, when they come off, whatever restraining effect the agreements may have had will disappear," warned Hartquist. Hartquist is a partner with the law firm of Collier, Shannon & Scott.
 The domestic industry petitioned the U.S. government on Nov. 18, 1991 to impose antidumping duties on welded stainless steel pipe from Korea and Taiwan. The ITC must decide by Jan. 2, 1992 whether there is a reasonable indication of material injury or threat of material injury to the domestic injury. The dumping charges will be investigated by the Department of Commerce.
 -0- 12/10/91
 /CONTACT: Meg Mullery of Georgetown Communication Services, 202-342-8465, for the Specialty Tubing Group/ CO: Specialty Tubing Group ST: District of Columbia IN: MNG SU:


TW-MK -- DC003 -- 0935 12/10/91 10:30 EST
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Publication:PR Newswire
Date:Dec 10, 1991
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