White House unveils steel import "action plan".(Statistical Data Included)

Purchasing, September, 2000

The White House has issued an action plan that spells out steps the government will take--including increased monitoring of steel imports from Japan and other nations--in an effort to head off future surges in supply that would throw the domestic integrated steel industry into another financial crisis. Interestingly, the action's plan dismisses the views of large steel-buying OEMs, who have been advocates of global sourcing.

The 240-page report, prepared by the Commerce Department, is the administration's latest in a series of efforts to respond to criticism from the steel industry that it was slow to respond to problems generated by the Asian financial crisis of 1997-1998. Steel companies and workers have complained that a flood of imported steel during...

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