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SPECIALTY STEEL IMPORTS 'INUNDATING' AMERICAN MARKET

 WASHINGTON, Aug. 25 /PRNewswire/ -- "Imports of specialty steel are inundating the American market. There can be no question that foreign producers have focus on these high value products to maintain jobs in their home markets at the expense of American companies and their employees," Robert E. Heaton, chairman of the Specialty Steel Industry of the United States (SSIUS), said today. He reported that stainless steel imports during January-June 1993 are up 52 percent over the same period last year.
 Imports for major specialty steel product lines during the first six months of 1993 compared with last year's are tabulated below.
 Imports Imports
 (tons) (tons)
 Jan.-June Jan.-June Percent
 Product 1992 1993 Increase
 Stainless steel sheet & strip 100,006 165,286 65
 Stainless steel plate 13,568 17,064 26
 Stainless steel bar 21,314 29,163 37
 Stainless steel rod 17,765 23,821 34
 Stainless steel wire 9,634 11,592 20
 162,287 246,926 52
 Tool steel 15,200 20,183 33
 Electrical steel 44,292 51,783 17
 In further comments, Heaton said: "The problem of subsidized and `dumped' specialty steel has reached appalling levels. These fundamental obstacles to fair trade in specialty steel should be dealt with now, not later. As a fully competitive American industry, we and our skilled employees urge our government to come to grips with the need for international agreements to deal with these critical issues that affect the welfare of so many industries and their workers."
 The Specialty Steel Industry of the United States is a Washington- based trade association representing U.S. producers of stainless and alloy tool steels, electrical steels and other high technology metals. The industry employs approximately 35,000 men and women and has annual shipments of about $6 billion.
 -0- 8/25/93
 /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: ECO

TW-IH -- DC005 -- 0293 08/25/93 11:11 EDT
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Date:Aug 25, 1993
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