Hot-rolled AD and CVD investigations

Rick - I wanted to give you a flavor of the kinds of info that we're
providing to EIM. Masha put this together. Lisa
----- Forwarded by Lisa Yoho/NA/Enron on 04/23/2001 05:41 PM -----

Maria Arefieva
04/16/2001 07:56 PM

To: Steel Distribution@Enron
cc: Lisa Yoho/NA/Enron@Enron
Subject: Hot-rolled AD and CVD investigations

Attached is a memo with an update on the status of hot-rolled investigations
currently conducted by the U.S. Department of Commerce. Preliminary
determinations have been made in countervailing duty cases. However, the
actual duty rates will not be available until April 20, 2001. Shippers will
have to start posting cash deposits or bonds in the amount of duties on all
entries of hot-rolled merchandise from S. Africa, India, Thailand, and
Indonesia. Duties on imports from Argentina were established in mid-March.

The memo identifies countries and individual shippers currently under
investigation. The regulatory group will provide an update as soon as duty
rates will become publicly available. If you have any questions, please
contact Lisa Yoho or Masha Arefieva.