Surging steel imports spur U.S. threat

Article Abstract:

The US steel manufacturers are pushing to file a lawsuit against foreign competitors over alleged dumping of steel products in the country. The suit that may charge steel suppliers from Japan and Russia is seeking to place import duties or taxes on US-bound steel shipments made by foreign suppliers found responsible for dumping. The US steel products shipment rose by 43% from 1997 to a record-high of four million tons, based on a report by American Iron and Steel Institute. Steel imports currently posts a 17% increase in the first seven months of 1998.

Comment:

Steel makers are pushing to file a lawsuit against foreign competitors over alleged dumping of steel products in US

Legal issues & crime, Iron and Steel Mills, Steel Mill Products, Steel products, Article

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Corporations piling up more debt

Article Abstract:

Corporate debt is rising along with the expanding economy. The Federal Reserve says outstanding corporate debt has risen 10.2% to $3.7 trillion in 1998, topping the 8.2% increase in 1997. A recent notable example is AT&T, which has launched a $7 billion bond offering to help pay for its $55 billion purchase of Tele-Communications Inc. Some experts, however, say the trend could cause trouble in the future when companies become too leveraged and would have to resort to spending cuts and lay offs.

Corporate Debt & Equity Securities

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U.S., China close to sweeping trade agreement

Article Abstract:

The US is expected to forge an international trade agreement with China. Pres Clinton is meeting Chinese Premier Zhu Rongji in a bid to finalize details of the controversial deal. Completion of the agreement will allow US imports of beef, telecommunications equipment and other products into China. China will also become a member of the World Trade Organization if the commercial treaty is finalized.

China, Administration of General Economic Programs, International economic relations, Bilateral Trade Negotiations, Trade negotiations

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