Answer:
(a) Steel supply in China will improve. Steel companies in China will face a stiff challenge from Indian companies.
(b) Steel companies in India will expand their production to compete with China. They will have to improve their quality, reduce the cost of production and try to capture the Chinese market.
(c) Other Chinese industries using steel will be benefitted as they will have a greater choice at lower prices.
You need to login to perform this action.
You will be redirected in
3 sec