This is spawning fears that major producers like China and India — which vastly expanded production capacity in recent years — will have to dump products on world markets to keep factories running and stave off unemployment, pressing prices lower.
But its unwillingness to behave like its local competitors, Hyundai and Daewoo, which routinely "dump" products to capture market share, may deter it.Meanwhile, the chaebol are siphoning off capital.
In other words, Enron, BP, Goldman, Philip Morris, G.E., Merck, etc., etc. Accounting fraud, tax evasion, toxic dumping, product safety violations, bid rigging, overbilling, perjury.
A sampling: "Pets.com is dumping product at way below cost.
Citrix wasn't so lucky, dumping product lines, cutting jobs and much more.
As steelmakers in Russia, Poland and other hard-pressed emerging markets dumped product, the market price for hot-rolled coil in Thailand fell from $353 a tonne at the beginning of the second quarter of 1998 to $253 by September–on its way to $180 by year-end.
"Along with other residents, we were seeing a lot of dump trucks backing up to the river and dumping product in, which we thought at the time was probably sand," he said.
Aluminum producers filed formal complaints with the U.S. Department of Commerce about the illegal subsidies and about Chinese companies dumping products in the United States at prices below production costs.
They have been reduced to dumping products on the local market.
What if China – the country blamed for harming UK steel by dumping products – provides the potential saviour?
Rather, Canadian steel producers, like their U.S. counterparts, have been complaining about Chinese firms dumping products in the domestic market.
