Federal Action Pleases Weirton Steel, Second Ruling In Week

Apr 24, 2001, 01:00 ET from Weirton Steel Corp.

    WEIRTON, W.Va., April 24 /PRNewswire Interactive News Release/ -- Weirton
 Steel Corp. (NYSE:   WS) officials said today's ruling by the U.S. Commerce
 Department against foreign steel producers is another step toward controlling
 unfair trade practices.
     Commerce officials issued preliminary duties against 11 countries
 concerning hot-rolled steel their producers sold in the U.S.  In early June,
 Commerce is expected to announce if it will assess permanent duties.  If so,
 the U.S. International Trade Commission (ITC) will decide within the next
 several months whether the duties will remain in place.
     "We're pleased with our government's findings.  This is the second time in
 a week it has determined a problem exists with imported steel.  It is our hope
 that our evidence will continue to convince federal officials that further
 action is needed," said John H. Walker, Weirton Steel president and chief
 executive officer.
     Last Thursday, Commerce ruled five of the 11 countries also violated
 subsidy trade laws and issued preliminary countervailing duties against them.
 A similar ruling against one other country was made in May.
     Weirton Steel, in addition to eight other steelmakers, filed trade cases
 in November alleging the foreign producers were dumping steel.
     The countries affected by today's dumping decision include Argentina,
 India, Indonesia, Kazakhstan, the Netherlands, China, Romania, South Africa,
 Taiwan, Thailand and the Ukraine.  Weirton Steel is not a party in the case
 involving the Netherlands.
     In addition to Weirton Steel, the other complainants include Gallatin
 Steel, IPSCO Steel, Steel Dynamics, Nucor, Bethlehem Steel, U.S. Steel Group,
 LTV Steel, National Steel, the Independent Steelworkers Union and the United
 Steelworkers of America.
     Weirton Steel is the eighth largest U.S. integrated steel company and its
 products include hot rolled, cold rolled, galvanized and tinplate.
 
                             http://www.weirton.com
 
 
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SOURCE Weirton Steel Corp.
    WEIRTON, W.Va., April 24 /PRNewswire Interactive News Release/ -- Weirton
 Steel Corp. (NYSE:   WS) officials said today's ruling by the U.S. Commerce
 Department against foreign steel producers is another step toward controlling
 unfair trade practices.
     Commerce officials issued preliminary duties against 11 countries
 concerning hot-rolled steel their producers sold in the U.S.  In early June,
 Commerce is expected to announce if it will assess permanent duties.  If so,
 the U.S. International Trade Commission (ITC) will decide within the next
 several months whether the duties will remain in place.
     "We're pleased with our government's findings.  This is the second time in
 a week it has determined a problem exists with imported steel.  It is our hope
 that our evidence will continue to convince federal officials that further
 action is needed," said John H. Walker, Weirton Steel president and chief
 executive officer.
     Last Thursday, Commerce ruled five of the 11 countries also violated
 subsidy trade laws and issued preliminary countervailing duties against them.
 A similar ruling against one other country was made in May.
     Weirton Steel, in addition to eight other steelmakers, filed trade cases
 in November alleging the foreign producers were dumping steel.
     The countries affected by today's dumping decision include Argentina,
 India, Indonesia, Kazakhstan, the Netherlands, China, Romania, South Africa,
 Taiwan, Thailand and the Ukraine.  Weirton Steel is not a party in the case
 involving the Netherlands.
     In addition to Weirton Steel, the other complainants include Gallatin
 Steel, IPSCO Steel, Steel Dynamics, Nucor, Bethlehem Steel, U.S. Steel Group,
 LTV Steel, National Steel, the Independent Steelworkers Union and the United
 Steelworkers of America.
     Weirton Steel is the eighth largest U.S. integrated steel company and its
 products include hot rolled, cold rolled, galvanized and tinplate.
 
                             http://www.weirton.com
 
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X86127181
 
 SOURCE  Weirton Steel Corp.