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World Economy / Steel Trade #177096

ABC Evening News for Wednesday, Nov 18, 1998
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(Studio: Peter Jennings) Statement from President Clinton, who is on his way to Asia, about the importance of Japan's economy to growth in Asia reported; scenes shown from the now-concluded APEC summit in Malaysia attended by Vice President Al Gore.

(No location given: Betsy Stark) The issue of the import of foreign steel into the United States and its impact on the American steel industry examined; details given of layoffs and job cuts in the American industry. [Port of New Orleans CEO Ron BRIMSON - comments on the global economy.] [Nucor Steel CEO John CORRENTI - says it is not right to bail out Russia and Japan at the US expense.]

Jennings, Peter;
Stark, Betsy

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