Hit by series of trade survey, China’s steel pipe producers who exports the steel pipe to the U.S. was drastically shrinking; Chinese other steel products export to the U.S. also began its dramatic decrease from 2009. Recently, the U.S. International Trade Commission issued a notice that the thin-walled rectangular steel which was originating in China,…
Tag: steel trade
Serious global steel overcapacity
Currently, the global steel overcapacity is long-term structural problems, not the market a cyclical problem, steel industry leaders need strong initiatives to reduce excess capacity, otherwise the steel industry can’t be reborn. Morgan Stanley’s research data shows that global excess steel production capacity is estimated 334 million tons, of which China about 200 million tons…