September 19, 2003
News Release 03-094
Inv. Nos. TA-204-4 and 332-452

ITC RELEASES REPORTS CONCERNING DEVELOPMENTS WITHIN THE U.S. STEEL INDUSTRY AND IMPACT ON STEEL-CONSUMING INDUSTRIES RESULTING FROM GLOBAL SAFEGUARD REMEDIES

The U.S. International Trade Commission (ITC) today released a publication containing the reports resulting from two steel-related investigations.

The reports, Steel: Monitoring Developments in the Domestic Industry (Investigation TA-204-9) and Steel-Consuming Industries: Competitive Conditions with Respect to Steel Safeguard Measures (Inv. No. 332-452) were submitted in a single publication to the President and the Congress. The reports also were released to the public via the ITC's website (www.usitc.gov).

In March 2002, following an ITC finding (under section 202 of the Trade Act of 1974) that certain steel products were being imported in such increased quantities as to be a substantial cause of serious injury or threat of serious injury to the U.S. industry, President George W. Bush imposed tariffs and tariff-rate quotas on a variety of steel products for a period of three years and one day. As required by the global safeguard law under which this action was taken, on March 5, 2003, the Commission instituted a mid-term review investigation (under section 204(a) of the Trade Act of 1974) to report to the President and the Congress on the results of its monitoring of developments related to the U.S. steel industry since the President imposed the steel safeguard measures.

On March 18, 2003, the Committee on Ways and Means, U.S. House of Representatives, requested that the ITC conduct a general factfinding investigation under section 332 of the Tariff Act of 1930 to examine the current competitive conditions facing U.S. steel-consuming industries with respect to the steel safeguard measures imposed by the President. In its request letter for the general factfinding investigation, the Ways and Means Committee requested that the ITC provide its section 332 report and the section 204(a) monitoring report in a single document. In a March 27, 2003, letter to the Commission, the Office of the United States Trade Representative (USTR) informed the Commission that USTR had no objection to receiving the section 204(a) report and the section 332 report in a single document.

Steel: Monitoring Developments in the Domestic Industry (Investigation TA-204-9) and Steel-Consuming Industries: Competitive Conditions with Respect to Steel Safeguard Measures (Inv. No. 332-452), (USITC Publication 3632, September 2003) is available on the ITC's Internet site at www.usitc.gov. A CD-ROM or printed copy may be requested by calling 202-205-1809 or by writing to the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may also be faxed to 202-205-2104.

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