U.S. STEEL CAN WEATHER IMPORTS.

Crain's Detroit Business, April, 1999

As economies around the world tanked last year, cheap steel starting flooding into the United States, hurting domestic steel companies. The cheap imports were no coincidence. Now steelmakers union workers, with President Clinton in their corner, want to limit or slap tariffs on the cheap steel.

Local steelmakers such as Rouge Industries Inc. and National Steel Corp.'s Great Lakes Steel division in Ecorse argue that the steelmakers in Russia and Japan are selling subsidized steel to the U.S. below the cost of producing it. Most domestic steelmakers are being hurt by the imports. On the other hand, other manufacturers, including many in Detroit, are happy to take advantage of cheap steel prices. Cheaper steel prices will continue to stoke the economic fires...

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