The united states steel indust

The unify States Steel Industry         After years of restructuring, an investment of approximately $50 billion in new tush and equipment, the application of world-class manufacturing technologies and increased labor productivity, the united States mark manufacturing is among the most competitive in the world. With the application of pass on technology, automation has replaced the more labor intensive practices of the past, making the manufacturing energy efficient and environmentally responsible.         Despite the increased tag production within the linked States, unlike imports of stain 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 trade 41.5 one million million tons of steel products, up thirty three assign from the previous record of 31 million tons trade in 1997.         The combined result of numerous steel ind ustrial policies is that the world has tremendous excess production capacity in steel. Dumping, which is sales in export markets below cost or sales below the price in the home market, is the substitute result. In response to the recent increase of steel imports, a group of major U.S. steel producers filed a supplication with the U.S. foreign Trade Commission (ITC) and the surgical incision of mercantile system alleging that the steel imports from Brazil, lacquer and Russia are sold in the United States at slight than fair value.         Under the Tariff Act of 1930, U.S. industries whitethorn petition the government for relief from imports that are sold in the United States at less than fair value or which make 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 pith of the subsidy. The ITC determines whether th e dumped or subsidized imports materially in! jure or threaten... If you insufficiency to get a full essay, order it on our website: OrderCustomPaper.com

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