Word: steels
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Dates: during 1970-1979
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...triggers for other steel products will be announced by the time the new plan goes into effect Feb. 15. After that date, customs officials will report to the Treasury any imported steel costing less than the trigger price. The Treasury will automatically begin an investigation. In the past, the Government investigated charges of dumping only when they were brought by U.S. companies, and the process often took two years. Now remedies will come much more swiftly...
...several major American manufacturers announced price increases averaging 5.5%. Not until the second quarter will it become apparent whether trigger prices will actually curb imports. So far, the knowledge that a new mechanism was in the works has had scant effect on the influx of foreign steel. When the final tally for 1977 is in, imports could account for about 18% of the market, tying the record-high share they held...
Meanwhile, the domestic picture remains glum. Last week Chairman Edgar B. Speer of U.S. Steel said that his com pany would eventually have to close down its Youngstown, Ohio, operation, which currently employs 5,000 workers. It is clear that the Youngstown plants, with their ancient machinery, have also become geographically obsolete. Even if the Administration's trigger-price scheme succeeds, older plants like Youngstown's are unlikely to be salvageable...
...long wait and the wonder of it all swelled for the team and its fans in the final moments of the Oakland game. The vanguard of 74,982 fans (they booed the 62 no-shows ex cathedra) swarmed onto the field, tore down supposedly indestructible steel goal posts and carted them away, but not before the long shank of one upright had been passed around by reverent hands, an instant relic of Denver's new religion. Below, players dawdled on the field to wave their exultation to adoring fans in the stands. In the locker room later, Offensive Guards...
...story Marriott, which has 1,000 rooms and is adding 414 more. It will be topped by a new 50-story, 1,200-room Sheraton. Four major new office buildings have gone up in the revivified district. Only one corporation in Fortune's 500, the Lykes shipping and steel concern, has headquarters in New Orleans (v. ten in Houston, four in Atlanta) but this, too, may change if this exuberant, graceful city can reassert its unique identity...