A win for China’s Xi and ongoing woes for global Steel

摘要

The eyes of the world have been focusedrecently on China as Xi, the country’sleader, consolidates his power with anotherfive-year term and without naming asuccessor.Xi is head of the Communist Party, headof the military, and head of the civil government.This is not good news for the worldsteel industry as gross over-building of steelcapacity in China has been perpetuated underXi’s time in office.