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(AMM) LETTER TO THE EDITOR: Anshan investment in US would distort steel market

July 30, 2010 - 16:45 GMT

KEYWORDS: Anshan , investment

To the Editor: U.S. steel producers welcome foreign investment. It builds a stronger U.S. economy and drives innovation. However, we have serious concerns when that investment is not being made on market-based principles and involves a state-owned and -controlled enterprise (SOE).

U.S. steel producers welcome foreign investment. It builds a stronger U.S. economy and drives innovation. However, we have serious concerns when that investment is not being made on market-based principles and involves a state-owned and -controlled enterprise (SOE).

Particularly troublesome to our industry is the government of China's aggressive intervention in global markets via SOEs such as Anshan Iron...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


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