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DOC Report Says U.S. Steel Industry Competitive

February 28, 1997

The steel industry has experienced painful changes over the past 10 to 15 years, but has now emerged in much better financial and operating condition, according to a new report by the U.S. Department of Commerce's Office of Technology Policy (OTP).

Downsizing, a strong economy that's allowing the industry to operate near capacity, and substantial sums invested in modernization have made the U.S. steel industry competitive for the U.S. market, the study finds.

The Basic Steel Industry is part of OTP's Meeting the Challenge: U.S. Industry Faces the 21st Century series of studies that assesses the competitive position of a number of major U.S. industries and the factors influencing their growth. Previous reports have focused on the automobile manufacturing and chemical industries.

Copies of the report can be obtained by calling OTP at 202/482-3037 or sending an e-mail to OTPReports@doc.gov