This year the country in on track to produce 1050 million tons of steel, 58% of world's production. Of this 600 million tons are going into machinery, increasing the trend while labor force has declined from 3 years ago. This means full industrial employment.
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Nov 30, 2020 8:04 am
4 Replies
Dec 01, 2020 3:06 am
it's called dumping of steel below market prices.
Dec 01, 2020 3:08 am
At present China is confronting an emergency of overabundance. The Chinese are delivering more steel than there is request. All center businesses in China are state-possessed and sponsored, this likewise incorporates steel creation. This implies that the Chinese can at whenever change the steel cost as they are not market driven yet state-possessed. The business will mull over state strategy.
At present the worldwide steel delivering limit is far in abundance of interest, that is the reason Chinese steel costs are most minimal as the business over yonder isn't market-driven and profits by government appropriations. The makers can stand to sell steel at a lower cost than in different nations.
China as of late hit top in steel creation yet its economy and the worldwide economy other than India is enduring a log jam so to keep China's GDP developing and residents utilized the creation units need to continue working. This has prompted steel to be sold at underneath creation costs.
Dec 01, 2020 3:20 am
China is the only economy to grow this year. China's price is market price, you can't dump year after year then it's not dumping. Nothing you have said is correct.
Dec 03, 2020 1:27 am
@rambonio doesn't China tranship to the USA by sending steel to Canada, Mexico Then to the U.S market