Could a growing global skepticism of manufactured goods crash the world’s largest manufacturing economy?
Wednesday, July 13, 2016
EU Warns China on Steel Dumping
While China cuts back on steel production, it is selling some of the excess at a loss in Europe, pushing steel prices there down 30 percent this year. The EU has warned of tariffs and other measures in response. This suggests that China’s planned cuts in steel production may not go far enough or may not be happening fast enough to adjust to a global decline in demand for steel.