China threat is driving steel producers to act

摘要

Japanese steelmakers hope to protect their domestic industry by championing high-value, high-quality products in the face of tough competition from their Chinese counterparts, according to top-level executives. "Considering the size of the demand in mainland China, the size of production capacity in mainland China and the closeness of Japan to China, of course we feel very, very threatened by the growth of the Chinese steel industry," Takeo Aoya-ma, executive vice president of Nippon Steel USA Inc. and general manager of its Chicago office, said during a roundtable discussion hosted by AMM.