[Congressional Record Volume 145, Number 34 (Thursday, March 4, 1999)]
[House]
[Page H961]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        SAVE OUR STEEL INDUSTRY

  (Mr. ADERHOLT asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. ADERHOLT. Mr. Speaker, sometimes an industry suffers from foreign 
competition because a new tool is invented or product quality goes up 
without a price increase or their government reduces regulation and 
taxes. But this is not the reason that the U.S. steel industry is 
suffering. Since 1980 it has modernized, it has streamlined, and it is 
240 percent more efficient.
  The International Trade Commission announced that foreign companies 
have indeed dumped hot rolled steel at prices below their own market. 
That announcement and the suspension agreement with Russia might 
provide some relief, but a key fact is often missing from the 
discussion. Some of these same countries have simply switched their 
dumping to other categories of steel. Russia has played that game since 
1997.
  The coming weeks and months are very critical to saving these United 
States jobs. This Congress must act. It must act quickly in order to 
save American jobs and our steel industry here in the United States of 
America.

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