Oct 23, 2001, 12:01 AM
News Code: 9032744
0 Persons
officials :goods steel Korean affect adversely to ruling ITC S.U the by ruling negative overnight The -- Pulse IRNA-Asia 23, Oct Seoul, steel Korean against [ITC] Commission Trade International .S.U sources industry mills, local for concerns serious raising is products .Tuesday said of number a that found regulators six-member its that said ITC The steel .S.U the to damage serious caused had Korea from products steel the curb to needed was regulation import emergency that and industry .inflow and hot that saying in unanimous was body regulatory The steel galvanized and plates thick slabs, sheets, steel cold-rolled on restrictions urged also They .industries .S.U harming were sheets .pipes carbon welded and bars steel imported items, other 17 that found hand, other the on investigators, .S.U pipes pipes, steel stainless ropes, wire plates, steel electric like to threat a not were sections, steel and purposes drilling for used .makers steel American convened be will hearing public a that added body governmental The their present to change the concerned parties all give to 5 November .cases Bush .W George President to sent be will recommendation final A for calls include likely will recommendation The .19 December around some of restriction outright and imports on quotas tariffs, higher .goods cited from lobbying intensive under June, in Administration Bush The a ordered unions, labor and makers steel .S.U hard-pressed to act trade 1974 the of 201 Section under investigation comprehensive domestic the hurting were imports' 'unfair not or whether determine .industry steel subsidized and dumped blamed have .Corp USX like makers steel .S.U demanded and companies American facing hardships the for steel .measures corrective the said [KISA] Association Steel and Iron Korea the response, In steel integrated .S.U the by made demands with coincided decision ITC .supporters political its and producers monitor closely will it that clear it made also association The its protect could too, it, so take might Washington that actions .interest consider and court to matter the take may they said officials KISA final the if [WTO], Organization Trade World the by arbitration .guidelines body's trading world the violated decision with effort concerted a for move would it that said also It .makers steel European and Japanese decision ITC latest the that out pointed executives steel Korean since declining been have exports steel Korean since sense little made .1998 in fall a and economy global sluggish the was it that added They shut and bankrupt go to companies American causing was that demand .mills some in operations down year, last .S.U the to steel of tons million 35.2 exported Korea 67.1 at stood tally the year this of September to January from while in period same the to compared decrease percent 7.13 a tons, million .2000 lax been had firms American that fact the overlook findings The" follow to trying and costs cutting mistakes, management correcting in Steel and Iron Pohang a said "demands, customer in trends latest the .executive [POSCO] .Co could matter the taken were actions punitive if that added He between protectionism of round new a to lead or reaction chain a cause .partners trading said Steel International for Institute American the Meanwhile, .S.U overall to counter ran decision ITC the that .interests cheap on curb a that said president, institute's the Phelps, David could and market consumer the on effect adverse an have could imports money inefficient, few a of closing the than problems greater to lead .mills loosing MM/AH End