When a foreign country bars or restricts exports of some domestically produced product, why should we care?  Export restrictions are the same as domestic subsidies of production.

Alan Price if Wiley Rein has this presentation showing how China, India and others restrict exports of steel scrap.  Steel scrap is melted and used to make new steel.

They do this through export bans, quotas, export taxes, eliminating VAT rebates that would otherwise apply, and through licensing requirements.  The result is more steel scrap supply in the country, making steel manufacturing cheaper, and exported steel can be sold cheaper as well.  

Here is the slide show.

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