International Steel Mills
February 9, 2016
China Steel Capacity Cuts Promised
Written by Sandy Williams
China’s Ministry of Commerce says it will take will take definitive steps to cut steel production over the next five years by 100 to 150 million tonnes. China’s excess steel capacity has been has been estimated to be around 300 million tonnes.
With domestic demand down, steel production has found its way into exports that have set off a wave of trade cases against the world’s largest steel producing country.
