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Melting Pot

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BUSINESS STANDARD

  • 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
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    First Published: Mar 24 2003 | 12:00 AM IST

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