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China imposes moratorium on "chaotic" steel industry

By Proactive Investors China China has long been tackling the steel industry's overcapacity, but has now called the industry "chaotic" and linked the issue to the recent Rio scandal, in which four employees of the mining giant have been charged for trade secrets infringement and bribery. China's Industry and Information Technology Minister Li Yizhong said that "with China's steel industry in turmoil over the Rio Tinto scandal," the country "needs to have more say in the global iron ore trade."

Full post as published by The Trade Secrets Vault on August 16, 2009 (boomark / email).