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The United States Steel Indust - Online Term Paper

The United States Steel Indust

ry
After years of restructuring, an investment of approximately $50 billion in new plant and equipment, the application of world-class manufacturing technologies and increased labor productivity, ry is among the most competitive in the world. With the application of advanced technology, automation has replaced the more labor intensive practices of the past, making the industry energy efficient and environmentally responsible.
Despite the increased steel production within the United States, foreign imports of steel to the United States hit record levels in the past two years. In 1998, the United States had the highest steel import ever. The United States imported 41.5 million tons of ...

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(ITC) and the Department of Commerce alleging that the steel imports from Brazil, Japan and Russia are sold in the United States at less than fair value.
Under the Tariff Act of 1930, U.S. industries may petition the government for relief from imports that are sold in the United States at less than fair value or which benefit from subsidies provided through foreign government programs. Under the law, the Department of Commerce determines whether the dumping or subsidizing exists, and if so, the margin of dumping or the amount of the subsidy. The ITC determines whether the dumped or subsidized imports materially injure or threaten to materially injure the U.S. industry.
After preliminary investigations in November 1998, the ITC determined that the domestic industry was threatened by steel imports from Brazil, Japan, Russia and South Korea. It was found that there was a significant increase in the volume and market penetration of steel imports from 1995 to 1998. Steel imports ...

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The United States Steel Indust. (2006, September 12). Retrieved April 23, 2024, from http://www.essayworld.com/essays/The-United-States-Steel-Indust/52284

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PAPER DETAILS

Added: 9/12/2006 09:14:06 PM
Category: Miscellaneous
Type: Premium Paper
Words: 808
Pages: 3

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