China’s steel export excess or trigger a global steel market trade war

According to the United States reported on March 17, slowing economic growth in China, the domestic steel industry continued to maintain the original production rhythm, resulting in a large number of steel exports to the global market, prompted steel producers in other countries have sought to the impact of the government to protect it from falling prices. Both the European Union, South Korea and India, China’s excess supply lead to steel trade model inversion, intensified market competition between local steelmakers.

The world’s second largest consumer of steel is a new round of layoffs in the United States is prompting calls to raise tariffs. U.S.S teelCorp. And NucorCorp. Began to seek political support for trade measures.

According to the United States reported on March 17, slowing economic growth in China, the domestic steel industry continued to maintain the original production rhythm, resulting in a large number of steel exports to the global market, prompted steel producers in other countries have sought to the impact of the government to protect it from falling prices.

Both the European Union, South Korea and India, China’s excess supply lead to steel trade model inversion, intensified market competition between local steelmakers.

The world’s second largest consumer of steel is a new round of layoffs in the United States is prompting calls to raise tariffs. U.S.S teelCorp. And NucorCorp. Began to seek political support for trade measures.