Released on = December 27, 2006, 10:47 pm

Press Release Author = RNCOS

Industry = Industrial

Press Release Summary = International Trade Commission eliminated several of its
arguable duties levied on carbon-steel imports, bringing pleasure among automakers
and anger for steel makers.

Press Release Body = On December 2006, US International Trade Commission removed
most of the controversial tariffs imposed on imports on carbon-steel. This step
brought joy among the automakers but proved a reason of anger for domestic steel
manufacturers.

The independent federal body’s ruling terminates a strange, high profile
dispute between two US smokestack industries thrashed by global antagonism.

The commission’s move will reduce the price of steel automakers pay for steel
and bring the same advantage to other key steel buyers. But there is other side of
the story too. These reduced prices shrink profits of several American steel
manufacturers. Share prices of US Steel Corp. and other steel producers dropped
reasonably after the commission made its decision public.

A trade official from the Ford Motor Co. said that the duties voted by ITC to be
removed are obsolete and affects manufacturing competitiveness of America and job
opportunities in US. He added that restrictions on imports have been unnecessarily
supporting a healthy and profitable steel industry.

However, the domestic steel industry asserts that tariffs are required to avoid
low-priced, sell-at-any-cost import activities that resulted in fall of steel
industry in 1980s and 90s.

According to a research analyst at RNCOS, who has recently researched a report on
“US Steel Industry – Future Outlook”, American steel makers are
bearing losses because of under-pricing. The commission can charge tariffs that
increase the price of the displeasing imports.

The market research report also considers the facts and issues that are critical to
your success, like:

- Insight into market trends
- Account of growth sectors and factors driving change
- Competitive scenario and market leaders
- Assessment of future strategic directions
- Opportunities for the steel manufacturers in United States
- Bottlenecks and challenges
- Future outlook of the market

The steel industry of US has thrived and expands its realms geographically bringing
about the economic growth. The report provides an overview of the factors that have
shaped the US steel industry.

About RNCOS:

RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

For more information visit: http://www.rncos.com/Report/IM053.htm

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