Old Headache

Steel seeks more protection

Big Steel is once again protesting about imports. Only this time the object of the complaint comes from a different direction. The battered industry, which lost $3.2 billion during 1982, had been feeling somewhat buoyed earlier this year. In October 1982, the Government had persuaded the European Community, one of the heaviest shippers of steel to the U.S., to hold back exports for a while. The other big exporter, Japan, had been voluntarily restricting sales. The results were dramatic. In the first nine months of this year, Japan reduced shipments to the U.S. by 35% compared with the...

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