COMMERCE STUDY: U.S. STEEL PRODUCTION SUFFICIENT FOR NATIONAL SECURITY
The United States produces sufficient quantities of iron ore and semi-finished steel domestically to satisfy national security requirements, according to a U.S. Commerce Department report.
The report, which has been submitted to President Bush, also concludes that imports of these two items is not a threat to national security.
The report showed that the U.S. produces about three times the maximum amounts of iron ore and semi-finished steel that might be required for national security needs. The report also finds, based on analysis done by the Department of Defense, that national defense needs for iron ore and semi-finished steel have declined in recent years, and are likely to remain flat for at least the next five years.
The document is a summary of the findings in a nine-month investigation into the effect of imports of iron ore and semi-finished steel. More information on this report is available at http://www.bxa.doc.gov .