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October 2, 2003

MSCI South Atlantic Chapter Conducts Town Hall Meeting on Manufacturing in Charlotte October 9

October 02, 2003

MSCI South Atlantic Chapter Conducts Town Hall Meeting on Manufacturing in Charlotte October 9

CHARLOTTE, North Carolina, October 2, 2003 – The leaders of three metals companies will be the primary speakers on October 9 when the South Atlantic Chapter of the Metals Service Center Institute (MSCI) conducts a Town Hall Meeting on Manufacturing in Charlotte.

Speakers include Daniel R. DiMicco, vice chairman, president and chief executive officer of Nucor Corporation; Nicholas Tolerico, president of ThyssenKrupp Steel Services, Richburg, South Carolina, and William Hickey, president of Lapham-Hickey Steel, Chicago.  The session will be moderated by M. Robert Weidner, III, president and chief executive officer of MSCI, the Chicago-based trade association for the metals service center industry.

“We have been pleased to see that the nation’s political leadership has finally begun to take notice of the sharp decline in North American manufacturing since 2000,” said Kevin Richardson, divisional vice president of Ryerson Tull, Inc. in Charlotte and president of the South Atlantic Chapter.  “With more than 2.7 million manufacturing jobs lost, and industries such as textiles, furniture and metals scrambling to compete with the low-cost manufacturing centers of Asia, meetings like this one help raise the profile of the manufacturing debate nationally and call attention to the need in Washington for positive, sustained action.”

A major focus of the MSCI campaign to save manufacturing has been the currency policies of China,Japan, South Korea and Taiwan, said Weidner.  “Economists with nothing personal at stake have come out of the woodwork in recent months to explain how, in theory, the fixed-rate currency valuation of the Chinese Yuan and the currency market interventions by Japan and others are not manipulation to gain mercantile advantage,” he said.  “Yet, the long-term trends show that in fact, these nations, in contravention of accepted standards of global trade, have acted to give their manufacturing sector every possible advantage to the detriment of our manufacturers, jobs, tax base and national security.”

“MSCI is confident that by using its chapter structure and working collaboratively with other organizations – such as the Coalition for a Sound Dollar and the Coalition for the Future of Manufacturing – we will help create a level playing field in global trade and a healthier environment for everyone who is part of the North American manufacturing sector,” he said.

The Charlotte Town Hall Meeting begins with a 5:30 p.m. reception and dinner, followed by the 7:15 p.m. program, at the Renaissance Charlotte Suites Hotel, 2800 Coliseum Centre Drive.  It is one of a series sponsored by MSCI chapters this year.  A similar meeting, sponsored by the Mid-South Chapter, will be held in Atlanta on October 16, and another, sponsored by the Southern California Chapter, will be held inIndustry Hills, California, on October 21.   The Northern Ohio Chapter has scheduled a Town Hall Meeting on Manufacturing for December 2.

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 50 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.

Contact:   Jon Kalkwarf, 773-867-1300 x105, or Kevin Richardson, 704-948-8476