Printer Friendly

MORE SPECIALTY STEEL IMPORTS

 MORE SPECIALTY STEEL IMPORTS
 WASHINGTON, Feb. 24 /PRNewswire/ -- Imports of specialty steel


and domestic market penetration increased in 1991, according to year-end data released today.
 Increased imports of specialty steel varied by product line ranging from a 26 percent increase for stainless bar, to a 4 percent increase for stainless sheet and strip products. Market penetration also varied and was up 5 percentage points for stainless bar products, accounting for 26 percent of the market in 1991.
 "The 1991 import surge, particularly in a recessionary economy, underscores the critical need for a three-year extension of the Voluntary Restraint Arrangements (VRAs), while efforts proceed to bring some discipline to foreign government subsidization and other unfair trading practices in specialty steel.
 "The 1991 import trend shows again that foreign producers are focused on exports of high value specialty steels and are poised to seek even greater penetration in domestic markets," Robert E. Heaton, chairman, Specialty Steel Industry of the United States, said.
 The Specialty Steel Industry of the United States is a Washington-based trade association representing domestic producers of stainless and tool steel, electrical steels and super alloys.
 -0- 2/24/92
 /NOTE: A table that provides information about specialty steel imports for the years 1990-91 is available on request./
 /CONTACT: Bert Delano, 412-394-2813, or Meg Mullery, 202-342-8439, both for the Specialty Steel Industry of the United States/ CO: Specialty Steel Industry of the United States ST: District of Columbia IN: MNG SU: :END


DC-SB -- DC026 -- 2041 02/24/92 16:21 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 24, 1992
Words:251
Previous Article:PRODUCTIVITY POWER FOR THE SMALL BUSINESS; A GUIDE TO SELECTING THE BEST COMPUTER FOR YOUR SMALL BUSINESS
Next Article:DUDS 'N SUDS LAUNDRY FRANCHISE HOLDS THE SECRET TO SUCCESSFUL FRANCHISING IN THE U.S. AND ABROAD
Topics:


Related Articles
SOARING SPECIALTY STEEL IMPORTS
SPECIALTY STEEL IMPORTS SOAR IN 1992
SPECIALTY STEEL IMPORTS 'INUNDATING' AMERICAN MARKET
SPECIALTY STEEL IMPORTS 'CONTINUE TO FLOOD THE AMERICAN MARKET'
SPECIALTY STEEL IMPORT SURGE CONTINUES, ACCORDING TO TRADE ASSOCIATION
SPECIALTY STEEL IMPORTS UP 16 PERCENT
SSINA: STRONG U.S. CONSUMPTION, LESS IMPORTS IN 1995 FOR SPECIALTY STEEL
SURGING STAINLESS AND TOOL STEEL IMPORTS
SSINA: Italy, Germany, Japan, Korea, Spain, Sweden and Taiwan Charged with Dumping by Stainless Steel Rod Producers and Union
Specialty Metals Industry Group Releases Seven-Month Market Data.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters