Latin American steel groups have praised news that China withdrew its request from a panel at the World Trade Organization (WTO) to be considered as a market economy.
"We've known for a long time that China has been a problem due to all the subsidies its industry receives, which have distorted the global steel market," Latin American steel association Alacero said on Wednesday June 19."China is not a market economy; [it] is a planned economy against which [it] is not...