71. If the steel industry gets its way, the United States will then impose prohibitive tariffs. 72. In a move that was widely seen as out of step with his free-trade philosophy, Bush imposed tariffs in March to protect the domestic steel industry. 73. In a quirk unique to the steel industry, the four companies maintained their tradition of not announcing earnings forecasts in the earnings report. 74. In addition to the petroleum-cokes business, Applied Industrial sells metals used as additives and alloys in the steel industry. 75. In particular, the administration has come under great pressure from the U.S. steel industry to address a surge in steel imports from Japan. 76. In practice, the steel industry is a powerful lobby that employs many thousands of people. 77. In fact, the U.S. steel industry is already rebounding. 78. In May, Maanshan acknowledged that the entire Chinese steel industry was suffering from inventory levels that depressed steel prices. 79. In spite of these warnings, the steel industry and some Senators vowed to push for quotas. 80. Is the steel industry going to go the same way? |
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