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In May 1998, it acquired Lukens Inc, that helped enhance the corporate’s manufacturing of carbon and alloy plate. It gave Bethlehem the bragging rights to be the highest plate producer within the nation. 1998 was a very good year for Bethlehem as a result of it’s lastly seeing the silver lining. However good things abruptly got here to a screeching halt for Bethlehem. Overproduction past the required capability for plates altered the trade sample. Imports of cheaper plates had lowered its profitability and the company began chopping back work schedules and inventories. This continued till 1999 that resulted in almost 60 p.c drop within the company’s earnings. Bethlehem tried to stay afloat tapping the government by filing, along with four other US firms, an anti-dumping lawsuit (Sheridan, 1999).