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INTERNATIONAL

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From Times Staff and Wire Reports

South Korea Threatens to Scrap Steel Pact: Seoul says it may abandon voluntary restraints on steel exports to the United States if Washington fails to drop an anti-dumping investigation involving South Korean steel exporters. The Trade and Industry Ministry said after trade talks with U.S. officials that Seoul will consider terminating the 1984 agreement under which it has voluntarily restricted steel exports. U.S. steel pipe manufacturers contend that South Korean exporters have sold products below cost in the United States. South Korea denies the allegations.

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