FEATURE: China’s crude steel output grows ‘uncontrollably’
Jun 21, 2019 18:10
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China’s crude steel production found another burst of energy during April and May – after leaping by nearly 10% over January-March – to refresh new output highs and in turn, fuel market concerns about oversupply, according to a report in China Metallurgical News on June 19, according to a report in China Metallurgical News on June 19.
CMN is regarded as the voice of the China Iron & Steel Association and under the headline “Uncontrollably Rising Crude Steel Production”, the report seems to speak for CISA’s fears that if steel mills do not control production and steel output continues to rise, last year’s robust profits might become