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Show 6D Tbe Salt Lake Tribune 1985 TuuvddyMayjy WICAT S) stems Makes 82.6 Million Sale to British Telecom U.S. Steel to Survive If linjMrt Are Restricted - Steel Industry to Shrink, Official Says - LOS ANGELES (AP) The chairman of U S Steel Corp Monday predicted the industry would shrink over the next five years and said his company would survive only if imports are restricted and labor unions grant concessions Chairman David Roderick said the company was hopeful that voluntary import restrictions sought by the Reagan administration will work But he wasnt overly optimistic The import level from foreign steelmakers, rather than declining thus far in 1985, has risen to 27 6 percent of the domestic market, Roderick said at the companys annual meeting here If the voluntary import restriction program is to be of help, it must begin to show some positive results soon, Roderick said Its effectiveness rests upon its vigorous and rigorous enforcement Roderick also said U S Steel hasnt abandoned an intention to sue Brazil for allegedly dumping" steel in the United States Dumping refers to the practice of selling imports in the United States at less than their cost of production Pay, Productivity Roderick also reiterated the companys stance that pay and productivity concessions were vital to keep U.S Steel competitive with domestic and foreign producers Last week, five major American steel companies canceled a policy of coordinated with unions That move was seen as weakening unions and enhancing the possibility of a strike in the industry Roderick declined to speculate on the prospect of labor strife He predicted that company earn- - ings would rise, but only slightly, through 1986 The company earned $493 million on sales of $191 billion in 1984 and had a profit of $58 million on sales of $4 5 billion in the first quarter of this three-decade-ol- d British Telecom, a customer of ICAT for the past two years contracted to buy S155 and S160 models which were to begin arriving in March and April Roger Llewellyn managing di rector of WICAT s wholly owned British subsidiary, and National Network account manager Ed Aston called the agreement an example of WICATs acceptance in the general purpose computer market W year Cyclical Nature Roderick denied speculation that U S Steel is in the market for a major acquisition to further insulate the company against the cyclical nature of the steel industry Steel now accounts for about 30 percent of the companys revenue Petroleum prducts account for about half At this time, we dont have a big appetite for acquisitions, he said Roderick said the companys chief goal is to reduce its long term debt by $1 billion this year After that, he said, the company may consider buying another company On other matters, Roderick Declined to comment on negotiation0 it is conducting to produce or purchase steel abroad, except to say that talks are under way in Japan, South Korea, Europe and Latin America Said the company hopes to sell about $500 million in assets this year Since 1980, the company already has sold $3 2 million in assets that were marginally profitable He declined to identify the assets that will be sold Luncheon to Honor Firm's Safety Mark Special to The Tribune JORDAN Dignitaries from the state and the Occupational Safety and Health Administration will join for a noon luncheon Wednesday at Natter Manufacturing Co , a sheet metal West Jordan-basefabricator, to celebrate the coms of pletion of 1 million work by plant employees withe accident out a Natter, a subsidiary of Fair-chilIndustries Inc , Chantilly, Va , employs 208 The record was achieved over r a period The firm makes computer cabinets for a variety of comput- - WEST WICAT Systems OREM (AF; Inc has signed a $2 6 million agreement to deliver microcomputers to the National Networks Division of British Telecommunications of London, company officials said d man-hour- loss-tim- d 22-yea- er manufacturers, including and IBM, Hewlett-Packard AT&T DALE CARNEGIE COURSE in Self Confidence Human Relations Effective Speaking Memory Training Reduce Worry and Tension Selling Your Ideas Course, Dale Carnegie Sales Course and Dale recognized for college credit Management Seminar bj (he American Council on Education Dale Carnegie CLASSES NOW FORMING Call 363 5294 tor information Carnegie Presented by THE DALE CARNEGIE INSTITUTE OF UTAH 455 E South Temple, S L C , Utah 841 1 Now $23.90 reg. $33.50 1 Classic banker-strip- e dress shirts from our most famous American maker. 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