1. But the agreement is not binding, and it does not eliminate the risk of a serious trade war between the United States and other big steel exporters. 2. In late trading, steel exporters Hylsamex SA and Altos Hornos de Mexico SA also gained. 3. Russia, the report says, has allowed steel exporters to escape paying bills at home, allowing them to sell goods abroad below cost. 4. Steel exporters were also firm. 5. Japan has joined China, South Korea, the European Union and other steel exporters in protesting the tariffs, which they say are illegal under the WTO. 6. Nevertheless, foreign steel exporters immediately protested. 7. One controversial issue on the agenda related to Canadian antidumping measures against Russian steel exporters. 8. Other major steel exporters to the United States include Brazil, China, Russia and Japan. 9. The EU will soon announce measures to prevent foreign steel exporters from flooding the European market with products that find no more takers in the United States. 10. The talks also addressed Canadian antidumping measures against Russian steel exporters. |