Overproduction by China has flooded world markets with steel
Posted on: March 2, 2018 at 08:27:14 CT
DoltfromSTL MU
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and aluminum, driving prices down and intensifying pressure on American producers. Nearly half the steel produced in December, for example, came from Chinese mills, according to the World Steel Association. China accounted for more steel production than the United States, Russia, Japan and 28 countries of the European Union combined.