Latin American steel execs urgecaution on China trade status

摘要

Latin American steel executivesTuesday urged regional governments “togive high political priority” to the problem ofunfair trade and carefully consider the risks ofaccepting the change in China’s status at theWorld Trade Organization in December 2016.Martin Berardi, president of Alacero andCEO of Ternium Siderar, said the challengingsituation of the steel and metal-workingindustries nowadays, both in Latin America and in the rest of the world, had its roots inChinese overcapacity “which is a consequenceof its centrally planned economy, and currentlyreaches 425 million mt, 6.5 times the annualoutput of Latin America,” he said during theLatin American steel Congress, Alacero-56, inBuenos Aires.