It wasn't the drop in production that alarmed China's steel industry this year. It was that demand fell even faster.
Caixin
China's steelmakers look abroad as domestic pressures mount
Producers begin building mills in Southeast Asia, the Middle East and Africa
Steel rolls from China are seen after being unloaded at the Valparaiso port, Chile, on July 10. China's outbound shipments surged 22.7% in 2024 from the previous year. © Reuters
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