China’s steel industry is reportedly considering paying incentives to firms that are willing to shut down outdated steel plants, as a part of the government’s efforts to government’s broader strategy to reduce the country’s massive steel output. According to reports, China Iron and Steel Association, which represents steelmakers, began consulting with mills earlier this year […]
India’s finished steel imports from China soared to an all-time high in the first seven months of the current financial year (April-October 2024), according to the data reviewed by Reuters, leaving hundreds of small Indian steel producers struggling with heightened competition from the world’s largest steel producer. China shipped 1.7 million tons of finished steel […]
Beijing– Recent reports show that the industry could expect a dip in the demand for steel in China. As one of the largest producers and consumers of steel, officials warn China of mounting risks facing steel exports due to growing trade frictions. Demand dropping faster than supply led to oversupplying, which has weighed down the […]
