Russia is the world's number one steel-exporting nation.
China is the world's number one steel- producing nation.
India's steel production and export capability is growing rapidly. Russia has dumped its excess steel supply onto world markets due to the collapse of its internal demand and its seeming inability to restructure further. This is creating serious distortions and injury in open markets such as the United States. The United States today produces no steel using the old open-hearth furnace technology.