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To: craig crawford who wrote (328)6/25/2001 2:38:04 PM
From: craig crawford  Read Replies (1) | Respond to of 1643
 
Friday June 22, 1:00 pm Eastern Time

Steel industry sees slightly better times ahead
biz.yahoo.com

By Jamie LaReau

NEW YORK, June 22 (Reuters) - U.S. steelmakers, socked in recent months by steel prices touching 20-year lows, expect to report improved results in the second quarter amid a pickup in demand and declines in imports and surplus inventory. Buoyed by the possibility President George W. Bush restricts steel imports, steel producers see light at the end of a long tunnel that has left some steel producers in bankruptcy.
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In May, USX-U.S. Steel (NYSE:X - news), the No. 1 U.S. steelmaker, said its prices were off 20 percent to 30 percent, mostly due to the continued number of imports and low demand amid the U.S. economic slowdown.