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SPECIALTY STEEL IMPORTS SOARING

 WASHINGTON, June 28 /PRNewswire/ -- Specialty steel imports increased sharply during the four months ending April 30, 1993, according to Department of Commerce information released today by the Specialty Steel Industry of the United States (SSIUS).
 Increases were recorded in the four-month period for all product lines. For the largest product line, stainless steel sheet and strip, imports increased 50 percent compared to the 1992 four-month period. The imports for the major product lines are indicated below:
 Imports Imports
 (tons) (tons) Percent
 Product Jan.-April Jan.-April Increase
 1992 1993
 Stainless steel sheet & strip 70,570 106,018 50
 Stainless steel plate 8,934 10,824 21
 Stainless steel bar 14,239 20,082 41
 Stainless steel rod 11,115 17,072 54
 Stainless steel wire 6,327 7,284 15
 Total steel 9,922 13,583 37
 Electrical steel 30,433 31,263 3
 "Specialty steel imports are flooding the American market at an unprecedented rate supported by persisting illegal trading practices. Foreign government subsidies and dumping in U.S. markets must be stopped, whether by the trade law route or by effective international consensus agreements. These practices cannot be allowed to continue," Robert E. Heaton, chairman of the SSIUS, said.
 With regard to recent rulings of the U.S. Department of Commerce imposing duties on carbon steel imports for dumping and illegal subsidization, Heaton said: "Everyone must now be on guard against even greater targeting of imports towards specialty steel and other steel products where dumping and subsidies continue, but where the Commerce Department rulings do not apply. Our nation must not permit foreign interests to maintain their trading dollars at the expense of other American industries and the good jobs they provide."
 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- 6/28/93
 /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:

DC-KD -- DC015 -- 6213 06/28/93 11:51 EDT
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Publication:PR Newswire
Date:Jun 28, 1993
Words:378
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