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The Timken Company Message Board

  • mentges mentges Feb 12, 1999 4:24 PM Flag

    Steel Dumping

    Here is a headline from the Dow Wire - Maybe
    Timken can get some help from this:

    WASHINGTON - The Commerce Department announced Friday it has
    found evidence
    that Brazil and Japan have illegally
    dumped steel in the U.S. at up to 70%
    below normal
    In a step that could lead to tariffs on imported
    steel, the government made
    a preliminary finding that
    producers from those countries sold steel in
    markets at prices dramatically below production costs or
    home-market prices.
    A ruling in an investigation into
    possible steel dumping by Russia was
    delayed however,
    as negotiations seeking settlement of trade issues
    with that
    country continue.

40.57-0.05(-0.12%)4:03 PMEDT