June 23, 2009

TRADE WAR: WTO Complaint Filed on China Exports Controls

The Obama administration and the EU are joining forces to (try to) prop up their ailing steel industries. WTO complaints filed today claim Beijing has imposed restraints on exports of key raw materials for steel making also used in aluminum and chemical processing. Key issue, China's control of global coke production and Beijing's ability to reduce supply for non-Chinese companies. This will be an interesting case to watch.....

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