Commerce Department Trade Case Ruling Praised

    PITTSBURGH, April 24 U. S. Steel
Group of USX Corporation said it welcomes preliminary determinations
announced today by the Commerce Department finding producers in 11 foreign
nations have dumped hot-rolled steel products in the U. S. market at
substantial margins.
    The exporting nations named in pending hot-rolled steel investigations
include Argentina, China, India, Indonesia, Kazakhstan, the Netherlands,
Romania, South Africa, Taiwan, Thailand and Ukraine.
    Preliminary margins announced by the Commerce Department ranged from a
high of 239% on imports from Kazakhstan to a low of 2.44% on imports from the
Netherlands.
    Thomas J. Usher, Chairman and CEO of USX Corp., said the Commerce
Department findings "demonstrate again how widespread and severe the dumping
problem is in the domestic steel market."
    Mr. Usher applauded the Bush Administration for demonstrating a commitment
to proper enforcement of U. S. trade laws.
    "The Administration is sending a strong message that unfair steel dumping
will not be tolerated," he said.  "Unfairly traded steel imports are a primary
cause of the current crisis in the U. S. steel industry.  These practices stem
from the problem of global steel over-capacity that exists largely because of
foreign government subsidies and unfair trading practices."
    A surge in dumped and subsidized imports during 2000 prompted domestic
steel companies to file the trade complaints.  Hot-rolled steel imports from
the 11 nations totaled nearly 3.4 million tons during the January-August
period of 2000 - an increase of more than 111% over the same period in 1999.
    (For more information on U. S. Steel, visit our Website at http://www.usx.com or
http://www.ussteel.com.)
    USX Corporation press releases are available through Company News On-Call
by fax, 800-758-5804, ext. 929150, or at
http://www.prnewswire.com/comp/929150.html.

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