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PRELIMINARY IMPORT DUTIES SET FOR STEEL DUMPED IN U.S. BY BRAZIL

 CANTON, Ohio, Jan. 6 /PRNewswire/ -- The U.S. Department of Commerce today announced preliminary dumping margins of 57 percent for finished hot rolled bar steel products and 19.67 percent for semi-finished bar imported into the U.S. from Brazil. Importers will be required within a week to begin making provision for payment of anti-dumping duties. The ruling is in response to a comprehensive anti-dumping petition jointly filed on June 9, 1992, by Republic Engineered Steels, Inc. and The Timken Company (NYSE: TKR).
 "This is another positive move in this case aimed at freeing the American marketplace of unlawful sales practices. We applaud the Commerce Department officials for their decision," said Russell W. Maier, president and chief executive officer of Republic Engineered Steels, Inc.
 "We are very encouraged by the findings as both a vindication of the facts in our petition and as a proper step in restoring fairness to the U.S. marketplace," said Charles H. West, president - steel, The Timken Company. "U.S. steel producers continue to take aggressive actions, such as investing over $23 billion in our plants over the last decade, to be more competitive. We must rely on equally aggressive enforcement of the existing trade laws to stop illegal and harmful dumping of foreign steel in our country."
 On behalf of the industry, the two companies sought the imposition of anti-dumping duties on imports from Brazil of alloy and carbon hot rolled bars and rods of special bar quality engineered steel. Their petition has the support of other bar producers, including CSC Industries, Inc. and Inland Steel Bar Company.
 The Commerce Department will now conduct additional investigation prior to setting final dumping duties in late March. At the same time, the International Trade Commission (ITC) will continue its investigation of the case, having found on July 21, 1992, preliminary indications of injury caused by Brazilian imports. In early May, the ITC will make a final determination of injury to the U.S. steel industry by the Brazilian dumping.
 Republic Engineered Steels, Inc., an employee-owned company, is headquartered in Massillon, Ohio. Republic has plants in Canton and Massillon, Ohio; Beaver Falls, Pa.; Gary, Ind.; Willimantic, Conn. and Chicago. The Timken Company has steel plants in Canton and Wooster, Ohio and Latrobe, Pa.
 -0- 1/6/93
 /CONTACT: Tim Kraft of The Timken Company, 216-471-3485; or Harold Kelly of Republic Engineered Steels, 216-837-7045/
 (TKR)


CO: The Timken Company; Republic Engineered Steels, Inc. ST: Ohio IN: MNG SU:

KK -- CL007 -- 2249 01/06/93 14:08 EST
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Date:Jan 6, 1993
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