May 3, 2004

MSCI Issues Policy Agenda for 2004

May 03, 2004

MSCI Issues Policy Agenda for 2004

SAN FRANCISCO, May 3, 2004 – The Metals Service Center Institute, building upon its highly successful 2003 program to support North American manufacturing, has issued a 2004 Policy Agenda as the framework for its advocacy efforts this year.

“MSCI played an extremely important role in 2003 in raising awareness of the manufacturing crisis acrossAmerica and, most importantly, in Washington, D.C.,” said Bob Weidner, MSCI president and CEO. “Our chapters led a grassroots campaign that was the foundation for our success and for our standing as a member of such groups as the Coalition for a Sound Dollar and the Fair Currency Alliance (FCA). Now that the administration and Congress have finally turned their attention to the manufacturing dilemma, its time for us to identify specific policy positions that we will take during 2004.”

The seven-part agenda calls for continuation of chapter-based town hall meetings on manufacturing; continued active efforts to end currency manipulation by U.S. trading partners, and continued support for legislation, law enforcement, and other steps that will lead to free and fair global trade. MSCI will also back legislation that lowers the structural cost of doing business, and steps to encourage research, development, and innovation by North American businesses. MSCI plans to create new forums for access by senior members to important political leaders, and it will continue its policy of collaborating with other trade associations in alliances and coalitions in support of specific policy initiatives.

An important initiative now under way is development within the FCA of a Section 301 petition seeking sanctions against China for the artificial valuation of its currency. At least four MSCI chapters will conduct town hall meetings this year. MSCI has actively supported legislation that would permit the use of countervailing duties in response to unfair trade practices by non-market countries.

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“These are all examples of the kinds of steps that MSCI will take consistent with the policy agenda,” Weidner said. “We encourage all MSCI members to participate in town hall meetings, identify legislation or regulations that affect our industry, and to respond to support legislation at critical moments when asked to do so.”

Founded in 1907, the Metals Service Center Institute has more than 350 members operating from about 1,200 locations in the U.S., Canada, Mexico, and elsewhere around the world. Together, MSCI members constitute the largest single group of metals purchasers in North America, amounting each year to more than 75 million tons of steel, aluminum, and other metals, with about 300,000 manufacturers and fabricators as customers. Metals service centers distribute metals and provide first-stage fabrication services.

Editors:            The complete 2004 Policy Agenda follows

Contact:   Jon Kalkwarf, 773-867-1300 x105, or (773) 835-6108 (mobile)