No tidal wave of steel exports building CMC
Oct 26, 2005 | 02:08 PM
Commercial Metals Co.'s executives don't expect a tidal wave of finished steel exports from China, and even if Chinese steel shipments to the United States rise they are unlikely to impinge on the Dallas-based company's markets.Speaking with Wall Street analysts following the release of its quarterly financial results, Stanley A. Rabin, CMC's chairman, president and chief executive officer, said exports of steel from China are a flashpoint that not only the Chinese government but several other nations are watching as well. If the steel export tonnage rises sharply, Rabin said he expects other foreign governments will react swiftly by imposing trade restrictions. The U.S. government could be among the last to react, he added.....
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