American fiscal cliff measures will test steel industry's mettle

摘要

SOME INTERESTING devel opments are going to unfold this month or early next month that will have far reaching implications for steel and other industrial products. First. US lawmakers approach towards the "fiscal cliff" involving the continuation or withdrawal of tax exemption (approx $600 nn) and stimulus mea-siu-es hy the country would determine if the fiscal deficit reaches the unmanageable limits beyond January 1. Latest GDP growth estimates for t he US by OECDhave been revised upwards to2 2 percent.