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NSIAD-83-40 1 (1983-08-03)

handle is hein.gao/gaobabnbg0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON. D.C. 20548 FESTRICTED - Not to be released outslde the Gene'ral NATONAL SECURITY AND C'owm!ist ©Afce excent on Vie basis of specific approvI INTERNATIONAL AFFAIRS DIVISION by t* Oftice of ComoresewAeli R#hltl B-207021 RELEASED AUGUST 3,1983 The Honorable John Heinz \U\\UE The Honorable Arlen Specter 122056 United States Senate Subject: Effect of Foreign Steel Purchases by Domestic Steel Producers (GAO/NSIAD-83-40) In your letter to the Comptroller General dated March 7, 1983, you asked us to examine the effects of foreign steel pur- chases by domestic steel producers on steel industry employment. To make this examination, we asked 10 major steel-producing firms to provide us with information about their steel imports during 1980-82, plus any actual or planned purchases in 1983. We obtained data to supplement this information from the Inter- national Trade Commission, the Customs Service, and the American Iron and Steel Institute's annual statistical report. In order to answer your request in a timely manner, we could not survey all steel companies; therefore our estimates do not include steel imports by all steel companies. We believe, however, that our estimates approximate the magnitude and impact of such imports. The amount of estimated steel imports by steel companies was small, especially when expressed as a percent of total imports and domestic production. Although estimated imports by steel producers increased by 300 percent from 1980 to 1982, or from about 209,000 tons to 835,000 tons, these imports comprised only 1.4 percent of total steel imports in 1980 and 5.0 percent in 1982. Furthermore, these estimated imports were 0.2 percent and 1.1 percent of domestic raw steel production, respectively, in these years. The most significant factor in the increase in steel imports from 1980 to 1982 by steel producers was Kaiser Steel's imports of semifinished steel. These accounted for 48.6 percent of our estimated 1982 imports. Kaiser used these imports to sustain its steel finishing operations after it greatly curtailed steelmaking at its Fontana, California, plant. (483388)

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