Tag: Steel overcapacity

Is Chinese Steel Sector once again at the Risk of facing Overcapacity?

May 13, 2019

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by

Aditi Tiwari

in HRC

It seems that mainland’s chronically oversupplied steel sector will take years to restore balance in its demand-supply equation. According to the latest data released by the National Bureau of Statistics (NBS), in the first quarter of 2019, China’s crude steel output stood at 231.07 MnT up 9.9% y-o-y basis. The country’s crude steel output in…