Chinese steel growth is a concern for all

摘要

In June, China produced nearly half of world's crude steel. Its further rise in steel production or a possible fall is a matter of serious concern to the industry world wide. Given the fact that the steel industry in the developed nations is faced with one of the toughest conditions in the recent history and that it has become abundantly clear that production in these nations is not competitive not only for the world market but also for their home markets in the absence of adequate protection especially if the current conditions in the steel market prevail longer, many of them will have to shut shop. The space left vacant will be up for grab and players from the low-cost developing nations will fight for it.