For executives in the North American steel industry, it will be deja vu all over again. When the 32-member American Iron and Steel Institute (AISI) holds its annual meeting in Washington, D.C., this month, leaders will undoubtedly be discussing trade, trade and more trade. The group of integrated and electric arc furnace producers will be meeting in conjunction with the Steel Manufacturing Association on May 17-19. The meeting will likely be cheerier than in the past few years as the industry is in comparatively great shape. In January, for instance, Pittsburgh-based U.S. Steel reported profits of nearly $1.09 billion for 2004 on revenues and other income of $14.1 billion.
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