The story of steel in China

As EU and U.S. trade barriers grow, China will find it difficult to solve its overcapacity problem by exporting excess steel; with Beijing’s support, China’s large steel conglomerates will move production overseas to be closer to demand in India, Southeast Asia and Latin America; offshoring will fail to significantly reduce overcapacity problems in China’s steel industry in the near future, predicts Stratfor.

Leave a Reply

Your email address will not be published.