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"We agree that subsidies distort trade flows. And it is true that subsidies were a significant distortion to trade flows in the past. Countries all around the world, in Europe, Latin America and Asia were significant owners of and subsidizers of steelmaking companies. However, the process of privatization and elimination of subsidies has been the trend everywhere in the world, except in the US. Only in the US has subsidization been on the increase, both for the weak mills and the minimills, who have been adding capacity with heavy subsidies from state and local governments. "
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