Printer Friendly

SPECIALTY STEEL INDUSTRY OF THE UNITED STATES ANNOUNCES INCREASED STEEL IMPORT LEVELS; SAYS U.S. JOBS LOST

 WASHINGTON, Oct. 28 /PRNewswire/ -- "More than 4,500 well paying manufacturing job opportunities have been lost this year to specialty steel imports which continue to surge into the U.S. market," Robert E. Heaton, chairman of the Specialty Steel Industry of the United States (SSIUS) said today. In announcing specialty steel import levels for the January-August 1993 period he said that annual lost wage opportunities for American workers exceed $186 million.
 Imports Imports
 (tons) (tons)
 Jan.-Aug. Jan.-Aug. Percent
 Product 1993 1992 Increase
 Stainless steel sheet & strip 227,315 132,320 72
 Stainless steel plate 23,433 19,371 21
 Stainless steel bar 39,404 29,292 35
 Stainless steel rod 30,802 25,697 20
 Stainless steel wire 14,864 12,836 16
 Total 335,818 219,516 53
 Tool steel 26,702 20,325 31
 Electrical steel 75,861 58,030 31
 Heaton noted that in the first eight months of 1993, imports of stainless steel sheet and strip exceeded the total of 211,888 tons of imports for the product line in all of last year.
 Under the U.S. trade laws the specialty steel industry, along with the United Steelworkers of America (USWA), has filed over the past 12- month period six anti-dumping cases and one countervailing duty case on various stainless and electrical steel products. To date, all preliminary and final determinations in these cases issued by the Department of Commerce and the U.S. International Trade Commission have confirmed the industry's allegations of import-related injury and unfair trade practices.
 In a final comment Heaton said additional trading cases are in preparation to seek relief from persisting foreign government subsidies and dumping practices.
 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- 10/28/93
 /CONTACT: Bert Delano, 412-394-2813, or Meg Mullery, 202-342-8439, both for Specialty Steel Industry of the United States/


CO: Specialty Steel Industry of the United States ST: District of Columbia IN: MNG SU:

DT-KD -- DC012 -- 7872 10/28/93 11:45 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 28, 1993
Words:372
Previous Article:INDIANA MICHIGAN POWER TO REDEEM BONDS
Next Article:FORD REPORTS UNITED WAY GIFT
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters