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What is the situation of Chinas current steel market? Are there any signs of overcapacity?

April 26, 2017China market overcapacity signs steel

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What is the situation of Chinas current steel market? Are there any signs of overcapacity?

1 Answer

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10 Posted

Chinese steel industry does have excessive capacities. We expect that consolidation process will be strengthened in the future, propelled by governments of all levels. We think this process will be good to this industry’s long-term development as volatility is likely to be reduced effectively.