Error processing SSI file
NEWS RELEASE 98-034; MAY 15, 1998 May 15, 1998
News Release 98-034
Invs. Nos. 701-TA-376-379(P) and 731-TA-788-793(P)

ITC VOTES TO CONTINUE CASES ON STAINLESS STEEL PLATE FROM BELGIUM, CANADA, ITALY, KOREA, SOUTH AFRICA, AND TAIWAN

The United States International Trade Commission (ITC) today made affirmative determina-tions in its preliminary phase countervailing duty investigations of stainless steel plate from Belgium, Italy, Korea, and South Africa and its preliminary phase antidumping investigations of imports of stainless steel plate from Belgium, Canada, Italy, Korea, South Africa, and Taiwan.

The affirmative determinations resulted from 3-0 votes. Chairman Marcia E. Miller, Vice Chairman Lynn M. Bragg 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 stainless steel plate from Belgium, Italy, Korea, and South Africa that are allegedly subsidized and sold in the United States at less than fair value and imports of stainless steel plate from Canada and Taiwan 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 stainless steel plate from Belgium, Canada, Italy, Korea, South Africa, and Taiwan, with its preliminary countervailing duty determinations due on or about June 24, 1998, and its preliminary antidumping determinations due on or about September 8, 1998.

The Commission's public report Stainless Steel Plate from Belgium, Canada, Italy, Korea, South Africa, and Taiwan (Investigations Nos. 701-TA-376-379 (Preliminary) and Nos. 731-TA-788-793 (Preliminary), USITC Publication 3107, May 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 June 12, 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.


FACTUAL HIGHLIGHTS

Certain Stainless Steel Plate from Belgium, Canada,1/ Italy, Korea, South Africa, and Taiwan 1/
Investigation Nos. 701-TA-376-379 (Preliminary) and 731-TA-788-793 (Preliminary)

Product Description: The imported product subject to this investigation is stainless steel plate, annealed and pickled, in coils. Stainless steel is an alloy steel containing, by weight, 1.2 percent or less of carbon and 10.5 percent or more of chromium, with or without other elements. Subject plate products are flat rolled products, 254 mm (10 in.) or over in width and 4.75 mm (0.187 in.) or over in thickness, in coils, and annealed and pickled or otherwise descaled. The subject plate may also be further processed (e.g., cold-rolled, polished, etc.) provided that it maintains the specified dimensions of plate following such processing. Excluded from the scope of this investigation are: (1) plate not in coils, (2) plate that is not annealed or otherwise heat treated and pickled or otherwise descaled, (3) sheet and strip, and (4) flat bars.

Status of Proceedings:

1. Type of investigations:  Preliminary countervailing duty and preliminary antidumping.
2. Petitioners: Armco, Inc., Pittsburgh, PA; J&L Specialty Steel, Inc., 2/ Pittsburgh, PA;
   Lukens, Inc., Coatesville, PA; North American Stainless, 3/ Ghent, KY; United Steelworkers
   of America, AFL-CIO/CLC.4/
3. Preliminary investigation instituted by the USITC: March 31, 1998.
4. Commission's conference: April 21, 1998.
5. USITC vote: May 15, 1998.
6. USITC determination to the U.S. Department of Commerce: May 15, 1998.

U.S. Industry:

1. Number of producers in 1997: Six.
2. Location of producers' plants: Kentucky, Maryland, Ohio, and Pennsylvania.
3. Employment of production and related workers in 1997: 256.
4. Apparent U.S. consumption in 1997: 157,000 short tons, $274 million.
5. Ratio of quantity of total imports to U.S. consumption in 1997 (percent): 20.

U.S. Imports:

1.     From the subject countries during 1997: 29,000 short tons, $47 million.
2.     From other countries during 1997: 3,000 short tons, $5 million.

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1/ Canada and Taiwan are not subject to the countervailing duty investigation.
2/ J&L Specialty Steel, Inc. is not a petitioner in the Belgium investigations.
3/ North American Stainless is not a petitioner in the countervailing duty investigations or 
  the Italy antidumping investigation.
4/ United Steelworkers of America is not a petitioner in the Canada investigation.