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Enron Mail |
Chris: Following up on my earlier email which reported on the comment made
by IPSCO's CEO at the steel conference that "traders should be held legally responsible for what's going on"......it appears that there is a push by the domestics to change the trade laws to "obtain relief from injury caused by traders who facilitate dumping." In a speech to the Steel Caucus last fall, LTV's Chairman stated that " International steel traders and foreign steel producers are becoming ever more sophisticated -- and brazen -- in their evasion and circumvention of U.S. trade laws." We need to keep a close eye on their lobbying efforts in Washington. I am especially concerned about this in light of Nucor's comment to Jeff McMahon that Enron's activities may be "illegal." [FYI, I have discussed this with Julia Murray and Betsy Hafner (PGFM), and they don't agree with Nucor's allegation.] Having said that, they are totally paranoid about Enron's entry into the steel market, and I want to make certain that we're not the subject of an unfair trade investigation. Let's get together with Betsy to discuss as soon as she returns from India. Thanks. Lisa ----- Forwarded by Lisa Yoho/NA/Enron on 05/18/2001 08:43 AM ----- lyang@PGFM.com 05/17/2001 06:26 PM To: Lisa.Yoho@enron.com cc: BHafner@PGFM.com Subject: Statement at AISI conference Lisa, Andy asked me to investigate the statement at the AISI conference regarding traders. I have attached an AISI policy statement calling on Congress to enact reforms to U.S. trade law and listing, as one example, reforms that would make it possible to obtain relief from injury caused by traders who facilitate dumping (number "(5)" under "Positive trade law provisions"). Thus, it appears that AISI is advocating for a change in U.S. trade law as opposed to claiming that traders are subject to anti-dumping duties under existing law. I have also attached a statement by the AISI Vice-Chairman referring to injury caused by traders (fifth paragraph and first bullet point of the ninth paragraph). Thank you, Leslie <http://www.steel.org/policy/trade/postgatt.asp<; http://www.steel.org/policy/trade/postgatt.asp <http://www.steel.org/policy/trade/st_000914-2.asp< http://www.steel.org/policy/trade/st_000914-2.asp NOTICE: This communication may contain privileged or other confidential information. If you are not the intended recipient, or believe that you have received this communication in error, please do not print, copy, retransmit, disseminate, or otherwise use the information. Also, please indicate to the sender that you have received this communication in error, and delete the copy you received. Thank you.
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