Local and U.S. steel industries - Maintaining balanced trade

    MONTREAL, Jan. 30 /CNW Telbec/ - In light of the reaction on this side of
the border to the U.S. president's economic recovery plan, particularly with
regard to the steel trade, the USW/Syndicat des Métallos (FTQ) believes that
the reality of this industry in North America should be taken into
consideration. "In 2002, we embarked on a joint undertaking with our Canadian
and American colleagues to stop the massive inflow of steel from the Eastern
bloc and Asia. We were able to carry out this joint battle because an
integrated North American industry was being threatened by dumping in the
steel market," declared Daniel Roy, Quebec Director of the Syndicat des
Métallos (FTQ).
    "Part of our membership works in the steel industry and in iron mines
belonging to large companies in several countries, including the United
States. These businesses will still need our iron ore. The same goes for the
Quebec steel industry. The steel trade between Canada and the U.S. - the
largest in the world - can be described as 'balanced trade', and was
recognized as such by the United States International Trade Commission in
2002. The U.S. government's recent internal initiative has been framed within
a specific process, integration and a set of rules."
    "We will nonetheless ensure," concluded Daniel Roy, "that the 'Buy
American' policy contained in the US$825-billion financial stimulus program
benefits the North American steel industry as a whole. It should also be kept
in mind that the U.S. government has international obligations that it should

For further information:

For further information: Daniel Roy, USW/Syndicat des Métallos (FTQ),
(514) 850-2240

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