ABSTRACT
With the conclusion of the Temporary Investigation Committee debates and the subsequent revisions of the Promotion Law and the tariff schedule in the first months of 1921, a sustained period of discussions was over. Government and business had demonstrated their mutually felt concerns over the worrying economic situation and tariffs were seen as a means to protect the iron and steel industry. As we have seen, though, the revised tariff schedule did not equally protect pig-iron and steel producers. In the ensuing years, both pig-iron and steel producers sought means to face foreign competition, through the revision of the tariff schedule, subsidization and collective price agreements.
