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China has conducted a 'war' - not trade - with steel, experts say


World News Feb 14, 2021 by Holly Ellyatt, Karen Tso - CNBC


Despite China signaling moves to cut its excess steel production capacity, industry chiefs say the country has declared a metals "war" that has had a "devastating" impact for the rest of the world's industry. Overcapacity in the steel industry has been a thorn in the side of the sector in recent years, pushing prices down and making it harder for some steel companies to survive.



tags: #china #energy #business-news #trade-war #warfare #economic #metal-commodities #steel #counterfeit #pig-iron #falsely-graded

China has conducted a 'war'-not trade-with steel, experts say

Despite China signaling moves to cut its excess steel production capacity, industry chiefs say the country has declared a metals "war" that has had a "devastating" impact for the rest of the world's industry. Overcapacity in the steel industry has been a thorn in the side of the sector in recent years, pushing prices down and making it harder for some steel companies to survive.








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