Lukens Steel Co. v. Klutznick

OPINION OF THE COURT

ROSENN, Circuit Judge.

One of the central factors stirring the economic maelstrom which has plagued the United States in recent years has been the *883inability of major American industries to compete with products produced more efficiently and economically by foreign competitors. A recent study of the American steel industry reveals major difficulties experienced by it because of high import penetration by Japanese, West German, and other foreign steel producers.1 Resulting unemployment and the bleak prospects for future employment in the steel industry prompted a Presidential…