In pursuit of China’s goal of reducing its carbon footprint, regulators are moving to cut crude steel production. This would also address US concerns about Chinese overproduction in the steel industry, an Opinion based on a report by the United States Trade Representative (USTR), argued in the South China Morning Post. IAC Desk
China has set a GDP growth target for 2021 of “above 6%,” below the market consensus of 7%-9%, indicating that stable economic growth, deleveraging and decarbonizing of the economy will be priorities for the year, rather than maintaining high GDP growth, which is set to adversely impact infrastructure and property steel demand, as well as […]
Thousands of European steel employees and employers, including those from Tata Steel in the United Kingdom, gathered in Brussels to protest against alleged dumping of steel products by China and demanded that the European Union deny Beijing the market economy status it is seeking. The European steel industry has blamed cheap imports from China for […]
