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Strategies & Market Trends : Strictly: Drilling II
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To: Louis V. Lambrecht who wrote (9908)3/25/2002 2:22:26 PM
From: t4texas  Read Replies (1) of 36161
 
i don't understand your reply. it does seem to matter who is big in steel in europe. your very own link shows quite a lot of european steel companies who are big. it also appears the european steel companies are either subsidized or partially owned by the governments there. the reason for all the squeaking coming out of europe appears to be the bigness of the steel industry there (large labor pool thus vote, and the famous european strikes, and i suppose larger subsidies from european tax payers if the steel heads for the usa). no need to explain the dumping idea. i understood that. that was the justification by the bush admin for the tariff. i am assuming (perhaps wrongly) that the tariffs for korean, japanese, or chinese steel would be much higher than any tariff for european steel.
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