In the recent years China has been importing steel from India .Explain how will the import of steel affect -

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a.) Steel companies in India

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b.) Steel companies in China

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c.) Other industries buying steel for the production of other industrial  goods in china

 a) steel industries in india will obviously suffer due to lack of availability of steel.

b) cause of cheap availability of steel from india, chinese steel industry will prosper.

c) other industries of china which are dependent on steel will also prosper. 

 

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a)Steel companies in china will have problems and their sales will decrease and also might suffer a great loss.

b)Steel companies in India will get more profit and income of foreign exchange. and rise in GDP and development

c)Industries will have to pay higher price for getting steel in china

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