China's steel dominance grows as global output shrank 9% in May

Asian powerhouse accounts for more than 60% of market after rivals scale back

20200623N china steelworks (REUTERS)

China has revived its steel industry through its economic stimulus program. © Reuters

SOTARO YUMAE, Nikkei staff writer

TOKYO -- China has ramped up its steel production lately even as the overall industry retrenches, further enlarging the top country's market footprint.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.