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To: PaulM who wrote (8128)	3/8/1998 4:51:00 AM
From: Abner Hosmer	Respond to of 116906

Appreciate your contributions also, Paul. More on commodities; steelmakers complain of widespread dumping, ethanol industry claims huge subsidies provided for imported oil, strong demand for aluminum: Imports Swamp United States Specialty Steel Markets biz.yahoo.com >>WASHINGTON, March 5 /PRNewswire/ -- Specialty steel imports flooded United States markets in 1997, surging to 797,000 tons, 11 percent over the prior record level set in 1996, according to new data for last year released today by the Specialty Steel Industry of North America (SSINA)... ..Among foreign offshore nations exporting significant tonnage of specialty steel to the United States at sharply increased rates (17 percent or more) in 1997 compared to 1996, the spokesman cited: Belgium, Germany, Korea, South Africa, Spain and Taiwan.<< 'Taxpayers Fork Over Huge Subsidies for Imported Oil' biz.yahoo.com >>The newspaper cited retired Gen. G. Lee Butler of Omaha, Neb., chief air planner for Operation Desert Storm in 1991, who has spoken out on the high costs of defending unstable Middle East oil resources. ''Gen. Butler ... put the cost of importing Mideast oil at more than $100 per barrel, at the time domestic oil was selling at about $18,'' the editorial said. ''Other estimates put the Mideast oil supply line protection cost at $140 per barrel.''<< Alcoa Division Announces Price Hikehttp://biz.yahoo.com/bw/980306/alcoa_1.html >>BETTENDORF, Iowa--(BUSINESS WIRE)--March 6, 1998--Continuing strong demand has resulted in a price increase from Alcoa's Aerospace/Commercial Rolled Products Division. Effective immediately with all new orders, transaction prices on alloys 5083, 5086, 5454 and 5456 will be increased 5 cents/lb in sheet gauges and 10 cents/lb in plate gauges.<<