WORLD TRADE
ORGANIZATIONG/SG/N/7/VEN/1
G/SG/N/11/VEN/1
5 November 2002
(02-6078)
Committee on Safeguards Original:  Spanish
NOTIFICATION UNDER ARTICLE 12.4 OF THE AGREEMENT
ON SAFEGUARDS BEFORE TAKING A PROVISIONAL
SAFEGUARD MEASURE REFERRED TO IN ARTICLE 6
AND
NOTIFICATION UNDER ARTICLE 9, FOOTNOTE 2,
OF THE AGREEMENT ON SAFEGUARDS
VENEZUELA
The following communication, dated 17 October 2002, has been received from the Permanent
Mission of Venezuela.
_______________
We enclose a copy of the notification pursuant to Article 12.4 and Article 9, footnote 2, of the
Agreement on Safeguards concerning the adoption of a provisional safeguard measure on imports of
U sections of iron or steel, hot-drawn or extrude d, of a height of between 80 mm and 120 mm, falling
under tariff subheading 7216.31.00 of the Venezuelan Customs Tariff, and of I sections of iron or
steel, hot-drawn or extruded, of a height of between 80 mm and 140 mm, falling under tariff
subheading 7216.32.00 of the Venezuelan Customs Tariff.G/SG/N/7/VEN/1
G/SG/N/11/VEN/1
Page 2
NOTIFICATION UNDER ARTICLE 12.4 OF THE AGREEMENT
ON SAFEGUARDS BEFORE TAKING A PROVISIONAL
SAFEGUARD MEASURE REFERRED TO IN ARTICLE 6
NOTIFICATION UNDER ARTICLE 9, FOOTNOTE 2,
OF THE AGREEMENT ON SAFEGUARDS
A. NOTIFICATION UNDER ARTICLE 12.4 BEFORE TAKING a PROVISIONAL SAFEGUARD MEASURE
1. Specify the product subject to the proposed provisional safeguard measure
The Technical Secretariat of the Anti-Dumping and Subsidies Commission (CASS), by
means of provisional Technical Report No. 0445/2002 of 3 September 2002 issued by the Office of
the President of the CASS, found it appropriate to apply a provisional safeguard measure on imports
of U sections of iron or steel, hot-drawn or ex truded, of a height of between 80 mm and 120 mm,
falling under tariff subheading 7216.31.00 of the Venezuelan Customs Tariff, and of I sections of iron
or steel, hot-drawn or extruded, of a height of between 80 mm and 140 mm, falling under tariffsubheading 7216.32.00 of the Venezuelan Customs Tariff.
2. Specify the proposed provisional safeguard measure
The investigating authority has found it appropriate to apply a temporary 25 to 26.53 per cent
ad valorem  increase in the import duty on products subject to the provisional safeguard measure, as
specified under 1. above.
3. Specify the date of introduction of  th e proposed provisional safeguard measure
If adopted, the provisional safeguard measure found appropriate by the investigating authority
will enter into force in the last week of October 2002.
4. Specify the expected duration of the provisional safeguard measure
If adopted, the provisional safeguard measure will apply from the date following the
publication, in the Official Journal of the Bolivarian Republic of Venezuela, of the Decree adopting
the provisional measure until the publication, in the Of ficial Journal, of the Decree stipulating whether
or not definitive measures are to be applied on imports of products subject to the provisional measure.
The duration of the measure may in any case not exceed two hundred (200) days after its entry into
force.
5. Provide the basis for:
(i) Making a preliminary determination, as provided for in Article 6, that increased
imports have caused or are threatening to cause serious injury;  and
INCREASE IN IMPORTS
(a) Over the course the investigation period (November 1998 – October 2001), imports of
the product at issue were found to have increased in absolute terms by
2009.1 percentage points, from 203.67 MT in the first year to 4,295.48 MT in the third
year.G/SG/N/7/VEN/1
G/SG/N/11/VEN/1
Page 3
(b) Imports relative to domestic production rose significantly from 0.385 per cent in the
first year to 6.9 per cent in the third year, i.e. an eighteen-fold increase over the course
of the investigation period.
(c) The share of imports in apparent consumption underwent similar growth from 0.38 per
cent in the first year to 6.5 per cent in the third year, representing a seventeen-fold
increase relative to consumption (Annex 1).
(d) A prospective analysis estimated that between November 2001 and October 2002
imports of the products under investigation would amount to 11,911 MT, i.e. a
177.3 per cent increase over the figure for the final year of the previous period ofinvestigation.
Imports relative to production would stand at 22 per cent, i.e. a triple increase in the
volume of imports relative to domestic production compared to the final year of
investigation.
The analysis also forecast an 18 per cent rise in imports in terms of consumption,
contrasting with the percentage for the final year of investigation (6.5 per cent)
(Annex 2).
(e) In view of the marked increase in imports of the product under investigation, both in
absolute terms and in relation to domestic production and consumption, noted during
the period of investigation, the conclusion was that the increased imports requirement
for declaring the appropriateness of a provisional safeguard measure had been fulfilled.
UNFORESEEN DEVELOPMENTS
The findings of significantly increased imports and the projection made are supported by the
marked growth which these variables may undergo in view of the unforeseen situation of the world
steel market since the late 1990s, as a consequence of the fall of the Soviet Union, the Asian crisis and
the global reaction to these political and economic events.  Indeed, the situation is marked by an
expansion in production, excessive idle capacity and the increased share of exports in globalproduction, which have modified iron and steel trade flows and led to a sharp fall in international steel
prices and the emergence of a vast number of protectionist measures taken by various countries, such
as the tariff increases established by Mexico in September 2001;  the anti-dumping measures applied
by the United States in 2001 on imports of products in this sector inter alia  from Japan and
South Korea;  and the adoption of countervailing and safeguard measures.  The latter increasedsignificantly as from March 2002, when the United States and the European Union introduced
safeguard measures on imports of iron and steel products.  These and other types of restriction both on
the products under investigation and on long steel products have led to major changes in world steel
market supply patterns (Annexes 6 and 7).
In view of the above, there is an obvious need for precautionary mechanisms such as a
provisional safeguard measure, in order to diminish the threat of serious injury to the domestic
industry posed by the unforeseen increase in imports and the projections made.
THREAT OF SERIOUS INJURY TO THE DOMESTIC INDUSTRY
In the determination of imminence of serious injury as a result of increased imports, the
economic variables considered displayed the following patterns:G/SG/N/7/VEN/1
G/SG/N/11/VEN/1
Page 4
- Domestic production:
In the first period considered, domestic production increased by 16.8 per cent, from
52,935 MT in the first year of investigation to 61,828 MT in the third year.  However, it is expected todrop by 12.39 per cent in relation to the final year of investigation (November 2000-October 2001).
- Domestic sales:
This variable showed a net increase of 15.03 per cent during the period of investigation.  The
trend is expected to reverse over the period covered by the prospective analysis, however, and to
decline by 12.39 per cent compared with the final year of investigation.
- Exports:
Net growth of 346.43 per cent was recorded between the first and the third year of
investigation.  It should be underscored, however, that a 1,264 per cent increase was noted betweenthe first and the second year, followed by a 67.28 per cent reduction between the second and the
third year.  It is estimated that exports will drop by 67.28 per cent in relation to the final year of
investigation - meaning that they would stand at 164 MT.
-I n v e n t o r i e s :
Inventories increased by 96.04 per cent between the first and the final year of investigation,
from 1,441 MT to 2,825 MT.  A 55 per cent rise in this variable is anticipated in the period covered
by the prospective analysis, which would bring inventories to 2,979 MT.
- Domestic ex-works price:
The domestic ex-works price increased by 1.30 per cent between the first and the third year of
investigation, from 432.07 $/MT to 437.68 $/MT, respectively.  However, the expectation is that it
will drop by 17.96 per cent compared to the final year of investigation, down to 359.07 $/MT.
- Costs:
This variable underwent a 2.03 per cent decline during the period considered.  It is estimated
that this trend will continue over the year November 2001 – October 2002 and that the total unit cost
will stand at 293.07 $/MT.
- Operating margin:
The operating margin diminished by 2.57 percentage points over the total period considered.
This trend is expected to continue ov er the year November 2001 – October 2002.
- Operating profits for domestic manufacturers:
Operating profits for domestic manufacturers of products similar to those under investigation
increased by 31.7 per cent during the period of investigation.  However, this variable is expected to
decline by 42.40 per cent in relation to the final year of investigation.
- Price of imports of the products under investigation:
This variable fell by 8.58 per cent over the period of investigation.  It is estimated that the
downward trend will continue and that the price will stand at 309.34 $/MT.G/SG/N/7/VEN/1
G/SG/N/11/VEN/1
Page 5
- Percentage comparison of the price of imported products and the price of like domestic goods:
In the first year of investigation the rate stood at 86.15 per cent, falling to 80.72 per cent in
the second year and to 77.75 per cent in the third year.  As a result of the new restrictions, the CASS
considers that domestic producers will be compelled to maintain, in regard to the price of imports, the
smallest differential recorded during the period of investigation, i.e. 86.15 per cent.
- Market share of the domestic manufacturers' products:
This indicator fell by 6.15 percentage points from 99.62 per cent in the first year of
investigation to 93.47 per cent in the third year.  An even greater loss of market share for domestic
manufacturers is anticipated in the period covered by the prospective analysis, that is, a significant
decline of 11.57 percentage points in relation to the final year of investigation, meaning that the
indicator would reach 81.90 per cent.
- Installed capacity:
Installed capacity did not vary over the three years covered by the investigation and is
expected to continue to remain stable at 88,000 MT/year.
- Utilized capacity:
The utilization of capacity increased by 10.11 percentage points over the period of
investigation, from 60.15 per cent in the first year to 70.26 per cent in the third year.  It is nevertheless
expected to drop to 61.55 per cent in the period covered by the prospective analysis.
- Number of persons employed by the domestic industry:
The number of persons employed decreased in each year covered by the investigation.  The
net rate of reduction for this variable was 16.30 per cent.  Not enough data was available to conduct a
prospective analysis.
- Productivity:
Average productivity in terms of tonnes produced per person employed grew by 39.56 per
cent during the period of investigation.  Not enough data was available to conduct a prospective
analysis of this variable.
- Return on investment:
This variable increased over each year covered by the investigation, growing at a net rate of
19.01 percentage points.  Not enough data was available to conduct a prospective analysis(Annexes 3, 4 and 5).
In conclusion, the CASS Technical Secretariat's preliminary determination is that the
domestic industry declined to some extent during the period of investigation, on account of a
downward trend in two of its relevant economic variables, i.e. market share and inventories.
Considering that there will be a significant increase in the imports under investigation during the
period of prospective analysis, in conditions that will adversely affect domestic prices, and that
domestic industry variables such as production, sales, inventories, operating margin and profits,
market share and utilized capacity are expected to decline, the Technical Secretariat's preliminary
determination is that there is a threat of injury to the domestic industry producing like goods.G/SG/N/7/VEN/1
G/SG/N/11/VEN/1
Page 6
Moreover, the fall in international steel prices as a result of current global market conditions
may well lead to an increase in imports, which will exert downward pressure on domestic prices and
in turn affect other economic variables such as the operating margin and profits and return oninvestment.
CAUSAL LINK
The Technical Secretariat of the CASS considers that it is possible to make a preliminary
determination of causal link between the significant real and estimated increase in imports of the
products under investigation and the threat of serious  injury to the domestic industry, on the following
grounds:  the significant increase in the imports at issue during the period of investigation;  the
expected much larger increase in these imports as a result of the restrictive situation on international
markets;  and the little relevance or irrelevance of  factors other than the imports in question, such as
the existence of a source of domestic competition, other than the imports, that may adversely affect
the applicant enterprise, the projected evolution of the domestic market in the period covered by theprospective analysis and the projected evolution of exports, in relation to the imminent deterioration
of the domestic industry producing like goods.
On the basis of the findings made by the Technical Secretariat of the CASS, sufficient
evidence is considered to exist to attribute the threat of serious injury to the domestic industry to the
significant increase in imports.
(ii) determining that there are critical  circumstances where delay would cause
damage which it would be difficult to repair
CRITICAL CIRCUMSTANCES
In order to determine the existence of critical circumstances, the Technical Secretariat of the
CASS carried out an assessment of the imports under investigation in the last semester of the period
of investigation as compared to the previous semester, both in absolute terms and relative to
production and apparent consumption.  The results showed the existence of critical circumstances,
since imports in the first semester amounted to a total of 1,984.18 MT (a figure that exceeds total
imports in the first two years of the period of investigation) and then increased by another 23.86 percent compared to the previous semester (Annex 8).
6. Offer of consultations under Article 12.4
Venezuela offers consultations on the provisional safeguard measure found appropriate by the
investigating authority, at any time following the adoption of the measure.
B. N
OTIFICATION UNDER ARTICLE 9, FOOTNOTE 2, OF THE AGREEMENT ON SAFEGUARDS UPON
TAKING A DECISION NOT TO APPLY THE PROPOSED PROVISIONAL SAFEGUARD MEASURE TO
CERTAIN PRODUCTS ORIGINATING IN DEVELOPING COUNTRIES
1. Specify the measure
The investigating authority has found it appropriate to apply a temporary 25 to 26.53 per cent
ad valorem  increase in the import duty on products subject to the provisional safeguard measure, as
specified under 1. above.G/SG/N/7/VEN/1
G/SG/N/11/VEN/1
Page 7
2. Specify the product subject to the measure
The Technical Secretariat of the Anti-Dumping and Subsidies Commission (CASS), by
means of provisional Technical Report No. 0445/ 2002 of 3 September 2002 issued by the Office of
the President of the CASS, found it appropriate to apply a provisional safeguard measure on importsof U sections of iron or steel, hot-drawn or ex truded, of a height of between 80 mm and 120 mm,
falling under tariff subheading 7216.31.00 of the Venezuelan Customs Tariff, and of I sections of iron
or steel, hot-drawn or extruded, of a height of between 80 mm and 140 mm, falling under tariff
subheading 7216.32.00 of the Venezuelan Customs Tariff.
3. Specify the developing countries to which the measure is not applied under Article 9.1 of
the Agreement on Safeguards, and the import shares of these countries individually andcollectively
Imports of the products at issue originating in any of the developing countries specified in the
Table below will not be subject to the proposed provisional safeguard measure.  The Table lists the
import shares of these countries individually and collectively.
Countries Not Subject to the Proposed Provisional Safeguard Measure
Developing Country Members of the World Trade Organization
Countries Imports November 1998- October 2001
MT Share of total imports (%)
Albania - 0.00
Angola - 0.00
Antigua and Barbuda - 0.00
Argentina - 0.00
Bahrain - 0.00
Bangladesh - 0.00
Barbados - 0.00
Belize - 0.00
Benin - 0.00
Bolivia - 0.00
Botswana - 0.00
Brazil 124 2.05
Brunei Darussalam - 0.00
Bulgaria - 0.00
Burkina Faso - 0.00
Burundi - 0.00
Cameroon - 0.00
Central African Republic - 0.00
Chad - 0.00
Chile - 0.00
China - 0.00
Colombia - 0.00G/SG/N/7/VEN/1
G/SG/N/11/VEN/1
Page 8
Countries Not Subject to the Proposed Provisional Safeguard Measure
Developing Country Members of the World Trade Organization
Countries Imports November 1998- October 2001
MT Share of total imports (%)
Congo, Democratic
Republic of-0 . 0 0
Costa Rica - 0.00
Côte d'Ivoire - 0.00
Croatia - 0.00
Cuba - 0.00
Djibouti - 0.00
Dominica 0.00
Dominican Republic - 0.00
Ecuador - 0.00
Egypt - 0.00
El Salvador - 0.00
Estonia - 0.00
Fiji - 0.00
Gabon - 0.00
Gambia - 0.00
Georgia - 0.00
Ghana - 0.00
Granada - 0.00
Guatemala - 0.00
Guinea - 0.00
Guinea-Bissau - 0.00
Guyana - 0.00
Haiti - 0.00
Honduras - 0.00
Hong Kong, China - 0.00
Hungary - 0.00
India - 0.00
Indonesia - 0.00
Israel - 0.00
Jamaica - 0.00
Jordan - 0.00
Kenya - 0.00
Korea, Republic of - 0.00
Kuwait - 0.00
Kyrgyzstan - 0.00
Latvia - 0.00
Lesotho - 0.00G/SG/N/7/VEN/1
G/SG/N/11/VEN/1
Page 9
Countries Not Subject to the Proposed Provisional Safeguard Measure
Developing Country Members of the World Trade Organization
Countries Imports November 1998- October 2001
MT Share of total imports (%)
Lithuania - 0.00
Macao, China - 0.00
Madagascar - 0.00
Malawi - 0.00
Malaysia - 0.00
Maldives - 0.00
Mali 0.00
Malta - 0.00
Mauritania - 0.00
Mauritius 0.00
Mexico - 0.00
Moldova - 0.00
Mongolia - 0.00
Morocco 0.00
Mozambique - 0.00
Myanmar - 0.00
Namibia - 0.00
Nicaragua - 0.00
Niger - 0.00
Nigeria - 0.00
Oman - 0.00
Pakistan - 0.00
Panama - 0.00
Papua New Guinea - 0.00
Paraguay - 0.00
Peru - 0.00
Philippines 0.00
Qatar - 0.00
Rwanda - 0.00
Saint Kitts and Nevis - 0.00
Saint Lucia - 0.00
Saint Vincent and the
Grenadines-0 . 0 0
Senegal - 0.00
Sierra Leone - 0.00
Singapore - 0.00
Slovakia 0.00
Slovenia 0.00G/SG/N/7/VEN/1
G/SG/N/11/VEN/1
Page 10
Countries Not Subject to the Proposed Provisional Safeguard Measure
Developing Country Members of the World Trade Organization
Countries Imports November 1998- October 2001
MT Share of total imports (%)
Solomon Islands 0.00
South Africa - 0.00
Sri Lanka - 0.00
Suriname - 0.00
Swaziland - 0.00
Tanzania, United
Republic of-0 . 0 0
Thailand - 0.00
Togo - 0.00
Trinidad and Tobago - 0.00
Tunisia - 0.00
Turkey - 0.00
Uganda - 0.00
United Arab Emirates - 0.00
Uruguay - 0.00
Zambia - 0.00
Zimbabwe - 0.00
Subtotal 124 2.05
4. Not applicableG/SG/N/7/VEN/1
G/SG/N/11/VEN/1
Page 11
ANNEXES
ANNEX 1
Evolution of Imports under Investigation during the Period of Investigation (MT)
(November 1998 – October 2001)
II.          I
Nov. 1998 –
Oct. 1999III.    II
Nov. 1999 –
Oct. 2000IV.     III
Nov. 2000 –
Oct. 2001V.   I/III
Imports under
investigation203.67 1,520.16 4,295.48 2,009.1%
Domestic production 52,935 56,950 61,828 -
Apparent
consumption53,638 55,223 65,760 -
Imports/production 0.385% 2.7% 6.9% 6.5
Imports/apparent
consumption0.380% 2.8% 6.5% 6.1
Source:  Import invoices and declarations provided by the Integrated National Tax Administration Service
(SENIAT) and the parties involved in the investigation.
ANNEX 2
Evolution of Imports between the Period of Investigation (November 1998 – October 2001)
and the Period of Prospective Analysis (November 2001 – October 2002)
I
Nov.
1998–
Oct. 1999II
Nov.
1999–
Oct. 2000III
Nov. 2000–
Oct. 2001Period of
prospective
analysis
Nov. 2001–
Oct. 2002▲/▼
Period of
prospective
analysis
III
Imports under
investigation203.67 1,520.16 4,295.48 11,911 177.3%G/SG/N/7/VEN/1
G/SG/N/11/VEN/1
Page 12
ANNEX 3
Evolution of the Economic Variables of Domestic Production of Steel Sections (1998-2001)
Nov.
1998–
Oct.
1999Nov.
1999–
Oct.
2000Nov.
2000–
Oct.
2001VAR
I-IIVAR
II-IIIVAR
I-III
Production (MT) 52,935 56,950 61,828 7.58% 8.57% 16.80%
Sales, domestic market (MT) 53,435 53,703 61,464 0.50% 14.45% 15.03%
Exports (MT) 112 1,528 500 1,264% -67.28% 346.43%
Inventories (MT) 1,441 2,937 2,825 103.8% -3.81 96.04%
Domestic ex works price($/MT)
1432.07 440.32 437.68 1.91% -0.60% 1.30%
Costs ($/MT)2[   ] [   ] [   ] -6.63% 4.89% -2.06%
Margin in transactions inproducts under investigation
(%)
3[   ]% [   ]% [   ]% 6.75p.p -4.18p.p 2.57p.p
Profit on transactions inproducts under investigation
(millions $)
44,685 6,377 6,170 36.12% -3.25% 31.70%
Price of imports cleared forhome use ($/MT)
5372.21 355.42 340.29 -4.51 % -4.26% -8.58%
Price of importedproduct/domestic price (%)
686.15% 80.72% 77.75% -5.43p.p -2.97p.p -8.40p.p
Manufacturers' market share(%) 99.62% 97.25% 93.47% -2.37p.p -3.78p.p -6.15p.p
Installed capacity (MT/year) 88,000 88,000 88,000 0% 0% 0%
Utilization of capacity (%) 60.15% 64.72% 70.26% 4.57p.p 5.54p.p 10.1p.p
No. of people employed 135 117 113 -13.33% -3.42% -16.30%
Productivity (MT/man) 392.1 486.8 547.2 24.15% 12.41% 39.56%
Return on investment (%)70.92% 8.95% 19.93% 8.03p.p 10.98p.p 19.01p.p
1 Price after deduction of freight from factory to customer.
2 Production costs plus operating costs.
3 Calculated as follows:  (Price-Cost)/Price.
4 Calculated as follows:  Price x Units sold on domestic market x margin in transactions in
products under investigation.
5 Calculated as follows:  CIF Price + Import duties + Customs charge + Costs customs agent +
Other costs such as storage, return of containers, etc.  The source used was the import invoices anddeclarations provided by the SENIAT and the importers.
6 Calculated as follows:  Price of imported product - Price of domestic production price x 100.
7 Calculated on the basis of the balances in nominal terms, as follows:  Profits before
taxes/Value of assets.G/SG/N/7/VEN/1
G/SG/N/11/VEN/1
Page 13
ANNEX 4
Evolution and Behaviour of the Economic Variables of Domestic Production between
the Final Year of the Period of Inve stigation (November 2000– October 2001) and
the Period of Prospective Analysis (November 2001– October 2002)
Nov. 2000 – Oct. 2001 Nov. 2001 – Oct.
2002 (Estimate)Variation
Production (MT) 61,828 54,168 -12.39%
Sales, domestic market
(MT)61,464 53,849 -12.39%
Exports (MT) 500 164 -67.28%
Inventories (MT) 2,824 2,979 5.50%
Domestic ex works price
($/MT)437.68 359.07 -17.96%
Costs ($/MT) [  ] 293.07 -[  ]%
Margin in transactions in
products underinvestigation (%)[  ] 18.38% -[  ]p.p.
Profit on transactions in
products under
investigation ($)6,169,756 3,554,356 -42.40%
Price of imports cleared
for home use ($/MT)340.29 309.34 -9.09%
Price of imported
product/domestic price
(%)77.75% 86.15% 8.40p.p.
Manufacturers' market
share (%)93.47% 81.90% -11.57p.p.
Installed capacity
(MT/year)88,000 88,000 0%
Utilization of capacity (%) 70.26% 61.55% -8.71p.p.G/SG/N/7/VEN/1
G/SG/N/11/VEN/1
Page 14
ANNEX 5
Evolution of Import Prices during the Period of Investigation (November 1998 –
October 2001) and the Period of Prospective Analysis
(November 2001 – October 2002)
I
Nov.
1998–
Oct. 1999II
Nov.
1999–
Oct. 2000III
Nov.
2000–
Oct. 2001Estimate
Nov.
2001–
Oct. 2002VAR
II - IVAR
III – IIVAR
III – IVAR
Estimate–
III
Domestic
price
($/MT)432.07 440.32 437.68 359.07 1.91% -0.60% 1.30% -17.96%
Import
price
($/MT)372.21 355.41 340.29 309.34 -4.51% -4.25% -8.58% -9.09%
Importprice/dome
stic price
(%)86.15% 80.72% 77.75% 86.15% -5.43p.p. -2.97p.p. -8.4p.p. 8.4p.p.
ANNEX 6
Imports (US and EU) Potentially Diverted
to Other Parts of the World (MT) 1
MARKET
Imports US (2001): 3,307,000
Beams of a height of, or exceeding, 80 mm 2666,000
Hot-rolled bars and small sections (angles) 2, 31,159,000
Rebars 21,482,000
Imports EU (2001): 2,284,800
Hot-rolled bars and small sections 3862,800
Rebars 21,422,000
Total US + EU 5,591,800
1 Source:  CRU Monitor – Steel Long Products, May 2002 issue containing production and
consumption figures (US and EU) and imports (EU), as published.
2 Calculated as the difference between apparent consumption and production.
3 Known as merchant bars.G/SG/N/7/VEN/1
G/SG/N/11/VEN/1
Page 15
ANNEX 7
Imports (US and EU) Potentially Diverted to Venezuela (MT)
Domestic market for "I" and "U" sections (November 2000 –
October 2001)103,565
Domestic sales SIDETUR 61,464
Imports of I and U sections (November 2000 – October 2001)
according to INE42,101
Apparent global consumption of  sections148,628,000
Venezuelan market/world market (%)10.213%
Imports US + EU (2001) 5,591,800
Imports potentially diverted to Venezuela 11,911
1 Source:  CRU Monitor – Steel Long Products.  Bars.  Structurals & Wire Rod.  May 2002, Item 8,
folio 2711, of the administrative file.
ANNEX 8
Evolution of the Volume of Imports under Investigation by Semester
(November 2000 – October 2001)
Semester
Nov. 2000 – April
2001Semester
May 2001 –
October 2001Variation
 Imports under
investigation (MT)1,918.84 2,376.64 23.86%
PRODUCTION (MT) 28,092 31,251 11.24%
Apparent
consumption (MT)33,127 32,634 -1.49%
Imports/production
(%)6.83% 7.61% 0.77p.p.
Imports/apparent
consumption (%)5.79% 7.28% 1.49p.p.
__________