Steel Products Prices North America
March 17, 2015
Chinese Steel Tentacles Grip Globe
Written by Sandy Williams
Chinese steel exports to the U.S. in January 2015 were 40 percent higher than in January 2014, according to World Steel Association data. As Chinese domestic demand weakens, exports have flooded not only the U.S. but nations across the globe. The resulting depressed prices and undercutting of domestic steel production has led to increased government intervention.
Alacero (the Latin American Association of Steel) reports rolled steel imports from China reached 1.1 million tonnes in January 2015, up 73 percent from the previous year. That is 11.4 percent of China’s 9.4 million tons of exported rolled steel.
