ITC TO INVESTIGATE COMPETITIVE CONDITIONS
IN STEEL-CONSUMING INDUSTRIES
WITH RESPECT TO STEEL SAFEGUARD MEASURES
The U.S. International Trade Commission (ITC) today instituted 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 tariffs and tariff-rate quotas on imports of certain steel products imposed by the President under the global safeguard law and with respect to foreign competitors not subject to such measures.
The investigation, Steel-Consuming Industries: Competitive Conditions with Respect to Steel Safeguard Measures, was requested by the U.S. House of Representatives' Committee on Ways and Means. On March 5, 2003, the Commission instituted a mid-term review investigation under section 204(a) of the Trade Act of 1974. As required by the statute, for that investigation, the ITC will prepare a report on the results of its monitoring of developments related to the domestic steel industry since the President imposed tariffs and tariff-rate quotas on imports of certain steel products in March 2002 and provide its report to the President and the Congress.
In its request letter for the general factfinding investigation, the Ways and Means Committee requested that the ITC provide its section 332 report to the Committee 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) referenced the format requested by the Committee on Ways and Means and informed the Commission that USTR has no objection to receiving the section 204(a)(2) report and the section 332(g) report in a single document. Accordingly, the Commission will transmit to the President and the Congress these two separate reports in the requested format.
In its general factfinding report, the ITC will conduct its analysis along sectoral lines in order to assess the impact on differing segments of the U.S. manufacturing sector and examine the data as it relates to steel products on which the President imposed steel safeguard measures. To the extent possible, the investigation will address the effects of the safeguard measures on steel consuming industries and on industries which rely on steel imports, such as ports. In its report, the ITC will consider:
In addition, as requested, the ITC will provide an analysis of the potential economywide effects of the safeguard measures (e.g., on costs borne by steel consumers, tariff revenues entering the U.S. Treasury, income to steel producers, and the net effect on the U.S. economy) using appropriate simulation models.
The ITC will submit its section 332 general factfinding report and its section 204(a) monitoring report in a single document to the President and the Congress by September 20, 2003.
The ITC is seeking input for its general factfinding investigation from all interested parties and requests that the information focus on the issues for which the ITC is requested to provide information and advice. The ITC will hold a public hearing in connection with the investigation on June 19, 2003. Requests to appear at the hearing should be filed no later than 5:15 p.m. on June 2, 2003, with the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. For further information, call 202-205-1816.
The ITC also welcomes written submissions for the record. Written submissions should be addressed to the Secretary to the Commission at the above address and should be submitted at the earliest practical date but no later than 5:15 p.m. on June 27, 2003. All written submissions, except for confidential business information, will be available for public inspection.
Further information on the scope of the investigation and appropriate submissions is available in the ITC's notice of investigation, dated April 4, 2003, which can be downloaded from the ITC Internet site (www.usitc.gov) or may be obtained by contacting the Office of the Secretary at the above address or at 202-205-1816.
ITC general factfinding investigations, such as this one, cover matters related to tariffs or trade and generally are conducted at the request of the U.S. Trade Representative, the Senate Committee on Finance, or the House Committee on Ways and Means. The resulting reports convey the Commission's objective findings and independent analyses on the subjects investigated. The Commission makes no recommendations on policy or other matters in its general factfinding reports. General factfinding investigation reports are subsequently released to the public unless they are classified by the requestor for national security reasons.