Going after cheap imports
Two years ago, the Carter Administration put into effect a fragile plan to protect the U.S. steel industry from cheap imports. A so-called trigger price based on the cost of steel production in Japan was established; imports sold below this floor price automatically set off an investigation for dumping, or selling below the cost of manufacturing the goods. But after the Administration last week refused to raise the trigger price of $358 a ton, largely because it was considered inflationary, U.S. Steel, the nation's largest steelmaker, filed a complaint with the Commerce Department and the International Trade Commission....
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