Hatch: Chinese steel overproduction will continue

摘要

Chinese steel mills are operating at less than 70% capacity but are still churning out 820 million metric tons of steel annually. China's apparent steel consumption, however, will fall toward the 500 mmt per year range by 2020, according to Terance Ko, Hong Kong-based Director of Consulting for Hatch Associates at the Platts Steel Markets North America conference last week in Chicago.