China’s steel battles in Europe and North America are likely to be only a prelude of bigger future fights as softening domestic demand unleashes a flood of output on to world markets.
China’s steel industry is the world’s largest, by far: at 808m tonnes last year it accounted for half of global production.
About 90 per cent of Chinese mill output to date has been absorbed at home — but domestic consumption peaked in 2013. As China’s economic growth slows and infrastructure and property construction hits saturation point, more steel is poised to flow to global markets.
您已閱讀13%(573字),剩餘87%(3778字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。