Wu Xichun: Strengthening of steel oversupply in domestic market

摘要

According to former chairman of Chinese Iron Steel Institution (CISI), Wu Xichun, steel oversupply situation becomes more serious within recent two months in China. In the July and August of this year, China has a net import country for steel. During these two of months, exporting of and the first of this year, while importing of compared to the same period of last year. In this August, exporting of products to 1.33 million tons with 2.2mlt of June In this year and 1.4mlt of August at last year, Wu that price of products would further decline in these two because of over supply in July and August.