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India to protect its steel subsidies at OECD meeting, while copper players seek trade buffers

( September 5, 2016, 10:32 GMT | Insight) -- India is keen to protect its steel subsidies at the OECD steel committee meeting on Sept. 8-9 while siding with developed countries aiming to curb China’s excess production and general over-capacity in the steel industry, the Hindu Business Line reports.India is keen to protect its steel subsidies at the OECD steel committee meeting on Sept. 8-9 while siding with developed countries aiming to curb China’s excess production and general over-capacity in the steel industry, the Hindu Business Line reports. The capacity-demand gap was estimated at 700 million tonnes in 2015, worsening in 2016. Indian officials are, however, wary that there could be a call for a blanket removal of all subsidies. Meanwhile, India’s copper producers are calling on the government to review its FTAs with Japan and countries in the Association of Southeast Asian Nations, claiming that domestic players were losing market share as import volumes expanded.  ...

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