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Trigger price mechanism under strain amid rising imports
The trigger price mechanism for restraining steel shipments faces revision as yen-driven Japanese costs rise and European imports surge. Treasury officials weigh shifting to a new basis, possibly Korea, after July imports hit 1.785 million tons and the trade deficit from steel reached 3.2 billion dollars for seven months. Armco Steel calls for action to curb dumping while warning of lasting job and balance of payments pressures.
MENTIONED IN THIS ARTICLE
Knight News
New. York
U.S
Treasure Department
Treasury
United States
Treasury Department
Harry Holiday
Armco Steel
Congress
Armco
White House
Common Market
Steel
Peter D. Ehrenhaft
Ehrenhaft