Steelmakers Say It's Just Not Fair
After threatening to do so for months, the largest U.S. steel producers on June 30 filed 84 cases alleging trade-law violations by 21 countries. Armco, Bethlehem Steel, Inland Steel, LTV, and USX filed the complaints with the Commerce Dept. and the U.S. International Trade Commission after the March, 1992, expiration of steel-import quotas. The big integrated steel companies alleged that unfair trade by foreign makers of flat-rolled steel contributed to American industrywide losses of $2.2 billion in 1991.
The steel companies are careful about the fights they pick, though. The four producers that have joint ventures with Japanese steelmakers didn't join the suits targeting the Japanese.