June 8, 2004
News Release 04-056
Inv. No. 332-460

ITC TO INVESTIGATE COMPETITIVE CONDITIONS AFFECTING THE U.S. FOUNDRY PRODUCTS MARKET

The U.S. International Trade Commission has launched a general factfinding investigation regarding competitive conditions in the U.S. foundry products market.

The investigation, Foundry Products: Competitive Conditions In the U.S. Market (Inv. No. 332-460), was requested by the House Ways and Means Committee in a letter received May 4, 2004.

In the letter, the Committee noted that due to the impact of globalization, producers of foundry products are concerned about competitive conditions affecting their industries. The Committee requested that the ITC's study include an overview of the industry together with a detailed analysis of selected key iron-, steel-, aluminum-, and copper-based cast products which are representative of the major segments of the foundry industry.

As requested, the ITC, an independent, nonpartisan, factfinding federal agency, will provide information for the most recent five-year period, to the extent possible, regarding:

The ITC will submit its report to the Committee by May 4, 2005.

The Commission will hold a public hearing in connection with the investigation at 9:30 a.m. on October 14, 2004. Requests to appear at the public hearing should be filed with the Secretary, United States International Trade Commission, 500 E St., SW., Washington, DC 20436 by September 24, 2004.

The ITC also welcomes written submissions for the record. Written submissions (one original and 14 copies) should be addressed to the Secretary of the Commission at the above address and should be filed at the earliest practical date, but no later than 5:15 pm on October 22, 2004. All written submissions, except for confidential business information, will be available for public inspection.

Further information on the scope of this investigations and appropriate submission is available in the ITC's notice of investigation, dated June 8, 2004, which may be obtained from the ITC Internet site (www.usitc.gov) or by contacting the Office of the Secretary at 202-205-2000.

ITC general factfinding investigations, such as this one, cover matters related to tariffs or trade and are generally conducted at the request of the U.S. Trade Representatives, the Senate Committee on Finance, or the House Committee on Ways and Means. The resulting reports convey the Commissions' objective findings and independent analyses on the subject investigated. The Commission makes no recommendations on policy or other matters in its general factfinding reports. Upon completion of each investigation, the ITC submits its finding and analyses to the requestor. General factfinding investigations reports are subsequently released to the public, unless they are classified by the requestor for national security reasons.

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