International Steel Mills
February 16, 2016
How Long Before the Chinese Steel Bubble Burst?
Written by John Packard
Steel Market Update received trade data from one of our sources regarding Chinese imports and exports of various products including steel. The number that the world markets are discussing is steel exports which totaled 112,400,000 metric tons for calendar year 2015 (123,900,000 net tons).
These are big numbers. The U.S. domestic steel industry, which is the third largest steel producing country in the world, is only capable of producing 130,000,000 million net tons. In 2015 the U.S. mills actually produced 86,912,023 net tons according to the American Iron & Steel Institute (AISI).
