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Global Overcapacity

The latest in this ongoing, worldwide problem.

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China Will Step Down Steel Capacity, Executive Says

21 May 2018 - China’s steel industry will continue to reduce capacity, lowering it to under 1 billion metric tons by 2025, said Yu Yong, president of the China Iron and Steel Association, according to the Reuters news service.

Shares of Chinese Steelmakers Notch Down on Expectations of Rising Output

14 May 2018 - Rising production and falling steel prices have taken some of the financial sparkle off of China’s iron and steel industry, which had been benefiting from healthy demand and mill closures, reports the Bloomberg news service. 

Newport: Steel Tariffs Prompting Discussions About Excess Capacity

08 May 2018 - Any criticisms of the Section 232 tariffs notwithstanding, they certainly have sparked discussions among the world’s countries on excess steel capacity, AK Steel Corp. chief executive Roger Newport said Tuesday.

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