Melting Pot

Surge expected in US steel exports to China and East Asian countries

Domestic producers worried over their export share to China

China is one of the key export markets for India

1 million tonne of steel has been exported to China and East Asian countries from the US in the last few months

OECD has said the US act has violated the ruling of not having any addition to the existing global steel capacity

EU has said once fiscal aid is granted for closure of a plant, it should not be re-opened

Analysts feel OECD ruling is necessary to sustain global price recovery