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NEWS RELEASE 02-017; February 20, 2002 February 20, 2002
News Release 02-017
Invs. Nos. 701-TA-413 and 731-TA-913-916 & 918 (F)

STAINLESS STEEL BAR FROM FRANCE, GERMANY, ITALY, KOREA, AND THE UNITED KINGDOM INJURES U.S. INDUSTRY, SAYS ITC

The United States International Trade Commission (ITC) today determined that an industry in the United States is materially injured by reason of imports of stainless steel bar from Italy that the Department of Commerce has determined are subsidized and those from France, Germany, Italy, Korea, and the United Kingdom that the Department of Commerce has determined are sold in the United States at less than fair value.

All five Commissioners voted in the affirmative.

As a result of the Commission's affirmative determinations, the U.S. Department of Commerce will issue a countervailing duty order on certain imports of this product from Italy and antidumping duty orders on certain imports of this product from France, Germany, Italy, Korea, and the United Kingdom.

The Commission's public report Stainless Steel Bar from France, Germany, Italy, Korea, and the United Kingdom (Invs. Nos. 701-TA-413 and 731-TA-913-916 and 918 (Final), USITC Publication 3488, February 2002) will contain the views of the Commission and information developed during the investigations.

Copies may be obtained after March 21, 2002, by calling 202-205-1809 or from the Office of the Secretary, 500 E Street SW, Washington, DC 20436. Requests may also be made by fax to 202- 205-2104.


UNITED STATES INTERNATIONAL TRADE COMMISSION
Office of Industries
Washington, DC 20436

FACTUAL HIGHLIGHTS

Stainless Steel Bar
from France, Germany, Italy, Korea, and the United Kingdom
Investigations Nos. 701-TA-413 (Final) and 731-TA-913-916 and 918 (Final)

Product Description: The imported product subject to these investigations is stainless steel bar, which includes primarily round, flat, square, and hexagonal bar imported in straight lengths. Stainless steel reinforcing bar is included.

Status of Proceedings:

1.  Type of investigations: Final countervailing duty and final antidumping (1).
2.  Petitioners: Carpenter Technology Corporation, Wyomissing, PA; Crucible Specialty Metals,
    Syracuse, NY; Electralloy Corp., Oil City, PA; Empire Specialty Steel, Inc., Dunkirk, NY;
    Slater Steels Corporation, Fort Wayne Specialty Alloys Division, Fort Wayne, IN; and United
    Steelworkers of America, AFL-CIO/CLC.
3.  Investigations instituted by the USITC:  December 28, 2000.
4.  Commission hearing:  January 17, 2002.
5.  Commission vote:  February 20, 2002.
6.  Commission notification of the U.S. Department of Commerce:  February 28, 2002.


U.S. Industry:

1.  Number of producers in 2000:  12.
2.  Location of producers' plants:  Production is in California, Indiana, Maryland, New York,
    North Carolina, Pennsylvania, and South Carolina.
3.  Employment of production and related workers in 2000: 1,926.
4.  Apparent U.S. consumption in 2000: 290,479 short tons, valued at $888 million.
5.  Ratio of quantity of imports to U.S. consumption in 2000: 43.5 percent.


U.S. Imports:

1.  From the subject countries during 2000: (2)
2.  From all countries during 2000: 126,235 short tons, valued at $292 million.
(1) Imports from Italy are subject to both antidumping and countervailing duty investigations. Imports from other subject countries are subject to antidumping investigations.

(2) Withheld to avoid release of business proprietary information.

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