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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...

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