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Segment 3 (The Steel Industry) #490890

NBC Evening News for Thursday, Oct 13, 1977
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(Studio) Japanese and German steel plants were destroyed in World War II and rebuilt, so are more modern than American's; government study has said United States industry hasn't had good management in recent years Ind. also pays higher wages than any other and has other problems.
REPORTER: David Brinkley

(Gainesville, Virginia) Because it's not making much profit on each dollar brought in, United States steel industry wants government to limit imports of foreign steel. But problem isn't that simple.
REPORTER: John Dancy

(DC) Factors creating problems in industry listed. Several people concerned with industry meet in Washington, DC today; activities, include meeting with President Carter, noted. 2 main facts that stand out during day are that many American workers have jobs depending on exports, so any cut in steel imports could bring retaliation against American goods, and that, since foreign steel cheaper than US steel, limits on foreign steel could mean higher prices in United States for everything that uses steel.
REPORTER: Irving R. Levine

(Gainesville, Virginia) Difference in price per ton in foreign and domestic steel noted. Much of foreign steel is bought from Japan.
REPORTER: John Dancy

(Tokyo, Japan) 15 years ago, United States sold Japan technology to begin building its ind. ;now it's almost opposite. Inland Steel of IN went to Japan for technology when building its new blast furnace; plants such as one of Nippon Steel Workers, near Tokyo, have proved Japanese product more efficient than US. Details of industry in Japan noted.
REPORTER: Jim Laurie

(Gainesville, Virginia) Most directly affected are American steelworkers, many of whom have been laid off this summer and fall.
REPORTER: John Dancy

(Youngstown, Ohio) In Youngstown, many steelworkers now sign up for spec. federal benefits, because foreign steel is partially responsible for their being laid off. Japanese television reporter is in town talking to workers; says he'll show home viewers side of question they haven't seen before. But not all laid off steelworkers blame it all on foreign steel; some say American companies to blame for not keeping selves competitive. [Steelworker Jim MAYLE - cites example of 1 obsolete mill.] youngstown Sheet and Tube says it can't afford to modernize parts of plant it's closing. William Sullivan representatives coalition of steel towns; he says Japanese can afford to modernize plant and might buy it. [SULLIVAN - notes discussions with Japanes companies] It is time of uncertainty for workers here.
REPORTER: Bob Kur

(Gainesville, Virginia) Part of problem is that world steel industry has capacity to product more than it is doing. President Carter has promised help for American ind., but many more may lose jobs before it takes effect, whatever it is.
REPORTER: John Dancy

Reporter(s):
Brinkley, David;
Dancy, John;
Kur, Bob;
Laurie, Jim;
Levine, Irving R.
Duration:
00:06:40

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