Word: exporting
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Moreover, the steel market is suffering from excess capacity. In recent years, developing countries from Saudi Arabia to South Korea have rushed to build their own steel plants, thus cutting imports from the U.S., Japan and Western Europe. Brazil, a traditional importer, has even begun to export raw steel products. While steel production in the industrialized countries is expected to fall by 8.1% during the fourth quarter, it will increase by 7.1% in the developing nations. At the same time, some industrial countries like Italy and West Germany have continued to build new, more efficient plants, even though the international...
...private consultant from 1970 to 1972. The article implied that in making them, Allen had improperly benefited from his position as a middle-level adviser in the White House under President Nixon. The newspaper also charged that he had leaked secret information about White House deliberations on U.S. export policies to a Japanese business associate. Damaging reports about Allen have been circulating in Washington and among Reagan's entourage for some time - all denied by Allen - but the candidate's top aides delayed acting until it was clear that Reagan was being hurt by the disclosures...
...tables. Brazil has embarked on a crash program to manufacture ethyl-alcohol automobile fuel from sugar cane. And last month, when the Persian Gulf war halted oil shipments from Iraq, which supplies 50% of Brazil's petroleum imports, the government slapped an emergency ban on all new sugar export contracts. The action is expected to remove at least 500,000 metric tons of the commodity from the world's 1981 supply...
Before the January embargo, Moscow had planned to import some 25 million tons of grain from the U.S. during 1980, as well as about 12 million tons more from other nations. The Carter Administration stopped the export of approximately 17 million tons, but the Soviets have been able to make up for most of that on world markets. The Soviet Union has been obtaining large amounts of wheat and corn from Argentina, which refused to support the U.S. boycott. Usually the Soviets are forced to pay higher prices to these suppliers than they paid...
...France is trying to give the embargo the coup de grâce. France, which is Western Europe's leading grain producer, although it is not a major world exporter, has just completed a bumper harvest. The French this year will have 3 million to 4 million tons of wheat available for export. As a member of the European Community, France is bound by a pledge made last winter that it would not take advantage of the American embargo by boosting its own grain exports to the Soviet Union. But now the French government wants the Community to shelve...