Manufacturing Industry
Steel vs. steel. (Editorial).
Advanced Materials & Processes, December, 2001
The U.S. International Trade Commission (ITC) determined on 22 October that the U.S. steel producers have suffered significant injury from imports and must be protected. This decision elicited immediate but divergent reactions from steel producers and steel users. Weirton Steel Corp. president and CEO John H.
Walker says, "Evidence of damage to our industry and for government action is overwhelming. Even considering the basics -- 24 steel company bankruptcies in four years, 30,000 lost steel jobs, and record financial losses among producers -- these facts alone are staggering and quite convincing." On the other hand, chairman Jon Jenson of the Consuming Industries Trade Action Coalition maintains, "The injury finding lays blame for steel's troubles at the...
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