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China’s Steel Industry Faces Harsh Reality as Overcapacity Compounds Other Issues

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09 September 2024
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  • Previous Article Malaysian PM Rejects China’s Demands to Halt Oil Exploration in South China Sea
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China’s Steel Industry Faces Harsh Reality as Overcapacity Compounds Other IssuesChina’s steel industry is facing a reckoning amid overcapacity, reduced domestic demand, and global resistance to Chinese dumping. Insiders say the sector needs to remove 20 to 30 percent of its current capacity. Powered by the property market, which accounts

Read more https://www.theepochtimes.com/china/chinas-steel-industry-faces-harsh-reality-as-overcapacity-compounds-other-issues-5720120

  • Previous Article Malaysian PM Rejects China’s Demands to Halt Oil Exploration in South China Sea
  • Next Article Beijing Complains as Netherlands Restricts Exports of Advanced Chipmaking Machines

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