Error processing SSI file
NEWS RELEASE 98-053; JULY 24, 1998 July 24, 1998
News Release 98-053
Invs. Nos. 701-TA-380-382(P) and 731-TA-797-804(P)

ITC VOTES TO CONTINUE CASES ON CERTAIN STAINLESS STEEL SHEET AND STRIP
FROM FRANCE, GERMANY, ITALY, JAPAN, KOREA,
MEXICO, TAIWAN, AND THE UNITED KINGDOM

The United States International Trade Commission (ITC) today made affirmative determinations in its preliminary phase countervailing duty investigations of certain stainless steel sheet and strip from France, Italy, and Korea and its preliminary phase antidumping investigations of imports of certain stainless steel sheet and strip from France, Germany, Italy, Japan, Korea, Mexico, Taiwan, and the United Kingdom.

The affirmative determinations resulted from 3-0 votes. Chairman Lynn M. Bragg, Vice Chairman Marcia E. Miller, and Commissioner Carol T. Crawford voted in the affirmative.

The affirmative determinations mean that the ITC found that there is a reasonable indication that a U.S. industry is materially injured or threatened with material injury by reason of imports of certain stainless steel sheet and strip from France, Italy, and Korea that are allegedly subsidized and imports of certain stainless steel sheet and strip from France, Germany, Italy, Japan, Korea, Mexico, Taiwan, and the United Kingdom that allegedly are sold in the United States at less than fair value.

As a result of the ITC's affirmative determinations, the U.S. Department of Commerce will continue to conduct countervailing duty and antidumping investigations of imports of certain stainless steel sheet and strip from France, Germany, Italy, Japan, Korea, Mexico, Taiwan, and the United Kingdom, with its preliminary countervailing duty determinations due on or about September 3, 1998, and its preliminary antidumping determinations due on or about November 17, 1998.

The Commission's public report Certain Stainless Steel Sheet and Strip from France, Germany, Italy, Japan, the Republic of Korea, Mexico, Taiwan, and the United Kingdom (Investigations Nos. 701-TA-380-382 (Preliminary) and Nos. 731-TA-797-804 (Preliminary), USITC Publication 3118, July 1998) will contain the views of the Commission and information developed during the investigations.

Copies of the report are expected to be available without charge after August 24, 1998, by calling 202-205-1809 or from the Office of the Secretary, 500 E Street SW, Washington, DC 20436. Requests may also be faxed to 202-205-2104.


UNITED STATES INTERNATIONAL TRADE COMMISSION
Office of Industries
Washington, D.C. 20436

FACTUAL HIGHLIGHTS

Certain Stainless Steel Sheet and Strip from France, Germany, Italy, Japan, Korea, Mexico, Taiwan and the United Kingdom Investigations Nos. 701-TA-380-382 and 731-TA-797-804 (Preliminary)

Product Description:
Certain stainless steel sheet and strip is flat-rolled product in coils that contains, by weight, 1.2 percent or less of carbon and 10.5 percent or more of chromium, with or without other elements. The subject merchandise is greater than 0.37 inch (9.5 mm) in width and less than 0.19 inch (4.75 mm) in thickness, and is annealed (or otherwise heat treated) and pickled (or otherwise descaled). Stainless steel sheet and strip in coils may be further processed (e.g., cold-rolled, polished, aluminized, coated, etc.) as long as it maintains the specified dimensions of sheet and strip following such processing. Black band (not annealed or pickled), cut-to-length sheet and strip, plate, flat wire, and razor blade steel are excluded from the scope of these investigations.

Status of Proceedings:
   1. Types of investigations: Preliminary antidumping and countervailing duty.
   2. Petitioners(1): Allegheny Ludlum Corp., Armco, Inc., J&L Specialty Steel, Inc., Washington
   Steel Division of Bethlehem Steel Corp., the United Steelworkers of America, AFL-CIO, Butler
   Armco Independent Union, and Zanesville Armco Independent Organization, Inc. 
   3. Investigation instituted by USITC: June 10, 1998.
   4. Conference: July 1, 1998.
   5. USITC vote: July 24, 1998.
   6. USITC notification of Department of Commerce: July 27, 1998.

U.S. Industry:
   1. Number of domestic producers in 1997: 22. (2)
   2. Location of producers' plants: Production facilities are primarily located in Connecticut,
   Indiana, Kentucky, Maryland, Michigan, Ohio, and Pennsylvania.
   3. Employment of production and related workers in 1997: 9,006.
   4. U.S. producers' shipments in 1997: 1,451,079 short tons.
   5. U.S. consumption in 1997: 1,728,555 short tons.
   6. Ratio of quantity of subject imports to U.S. consumption in 1997: 15.9 percent.

U.S. Imports:
   1. Quantity of subject imports of certain stainless steel sheet and strip in 1997: 274,716 short tons.
   2. Value of subject imports of certain stainless steel sheet and strip in 1997: $486,952,000.
   3. Leading sources of imports in 1997 (by quantity): Mexico, Japan, Korea, and Taiwan.


(1) Armco, Inc., Butler Armco Independent Union, and Zanesville Armco Independent Organization, Inc.
are not petitioners in the antidumping investigation relating to Mexico, and J&L Specialty Steel, Inc. is not
a petitioner in the countervailing duty and antidumping investigation relating to France.
(2) However, only 15 producers provided data in response to the Commission's questionnaire.

-- 30 --