Commerce Department Trade Case Ruling Praised

Apr 24, 2001, 01:00 ET from U.S. Steel Group

    PITTSBURGH, April 24 /PRNewswire Interactive News Release/ -- U. S. Steel
 Group (NYSE:   X) of USX Corporation said it welcomes preliminary determinations
 announced today by the Commerce Department finding producers in 11 foreign
 nations have dumped hot-rolled steel products in the U. S. market at
 substantial margins.
     The exporting nations named in pending hot-rolled steel investigations
 include Argentina, China, India, Indonesia, Kazakhstan, the Netherlands,
 Romania, South Africa, Taiwan, Thailand and Ukraine.
     Preliminary margins announced by the Commerce Department ranged from a
 high of 239% on imports from Kazakhstan to a low of 2.44% on imports from the
 Netherlands.
     Thomas J. Usher, Chairman and CEO of USX Corp., said the Commerce
 Department findings "demonstrate again how widespread and severe the dumping
 problem is in the domestic steel market."
     Mr. Usher applauded the Bush Administration for demonstrating a commitment
 to proper enforcement of U. S. trade laws.
     "The Administration is sending a strong message that unfair steel dumping
 will not be tolerated," he said.  "Unfairly traded steel imports are a primary
 cause of the current crisis in the U. S. steel industry.  These practices stem
 from the problem of global steel over-capacity that exists largely because of
 foreign government subsidies and unfair trading practices."
     A surge in dumped and subsidized imports during 2000 prompted domestic
 steel companies to file the trade complaints.  Hot-rolled steel imports from
 the 11 nations totaled nearly 3.4 million tons during the January-August
 period of 2000 - an increase of more than 111% over the same period in 1999.
     (For more information on U. S. Steel, visit our Website at www.usx.com or
 www.ussteel.com.)
     USX Corporation press releases are available through Company News On-Call
 by fax, 800-758-5804, ext. 929150, or at
 http://www.prnewswire.com/comp/929150.html.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X36568955
 
 

SOURCE U.S. Steel Group
    PITTSBURGH, April 24 /PRNewswire Interactive News Release/ -- U. S. Steel
 Group (NYSE:   X) of USX Corporation said it welcomes preliminary determinations
 announced today by the Commerce Department finding producers in 11 foreign
 nations have dumped hot-rolled steel products in the U. S. market at
 substantial margins.
     The exporting nations named in pending hot-rolled steel investigations
 include Argentina, China, India, Indonesia, Kazakhstan, the Netherlands,
 Romania, South Africa, Taiwan, Thailand and Ukraine.
     Preliminary margins announced by the Commerce Department ranged from a
 high of 239% on imports from Kazakhstan to a low of 2.44% on imports from the
 Netherlands.
     Thomas J. Usher, Chairman and CEO of USX Corp., said the Commerce
 Department findings "demonstrate again how widespread and severe the dumping
 problem is in the domestic steel market."
     Mr. Usher applauded the Bush Administration for demonstrating a commitment
 to proper enforcement of U. S. trade laws.
     "The Administration is sending a strong message that unfair steel dumping
 will not be tolerated," he said.  "Unfairly traded steel imports are a primary
 cause of the current crisis in the U. S. steel industry.  These practices stem
 from the problem of global steel over-capacity that exists largely because of
 foreign government subsidies and unfair trading practices."
     A surge in dumped and subsidized imports during 2000 prompted domestic
 steel companies to file the trade complaints.  Hot-rolled steel imports from
 the 11 nations totaled nearly 3.4 million tons during the January-August
 period of 2000 - an increase of more than 111% over the same period in 1999.
     (For more information on U. S. Steel, visit our Website at www.usx.com or
 www.ussteel.com.)
     USX Corporation press releases are available through Company News On-Call
 by fax, 800-758-5804, ext. 929150, or at
 http://www.prnewswire.com/comp/929150.html.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X36568955
 
 SOURCE  U.S. Steel Group

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