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Steel Industry / Trigger Pricing #259762

CBS Evening News for Thursday, Sep 28, 1978
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(Studio) President Carter's defense of government trigger pricing policy to protect steel ind. from imported steel detailed.
REPORTER: Walter Cronkite

(NYC) Problems in steel industry due to imports and steelworkers demonstrations demanding action from government outlined. Govt. implementation of trigger pricing reported; process described. Cntrys. from which United States imports steel listed. Reports that importers and other users of for. steel are finding ways around government rules and their enforcement stated. [Steel processor Larry LEWIS - says whole system is based on what Japanese say is their steel product cost; describes doubt about this.] American industry's increase in prices due to increase in Japanese product costs which raises trigger prices noted. Effect of this, ending with higher prices for Americans, examined. [Steel importer Kurt ORBAN - says more taxes have to be paid for building hwys. with more expensive steel.] Expected request for price increases by American steel industry in early 1979 reported.

Brady, Ray;
Cronkite, Walter

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