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China steel overcapacity: 200+ million tons

Latest U.S. annual steel output: 87 million tons

Latest European Union annual output: 166 million tons

Latest monthly China steel production rate: Fastest this year

(Sources: “As credit dries up, troubled Chinese steel makers lose lifeline,” by David Stanway, Reuters, July 23, 2014, https://au.news.yahoo.com/world/a/24525579/as-credit-dries-up-troubled-chinese-steel-makers-lose-lifeline/
and “China’s Steel Industry Keeps Growing, Whether or Not the Government Likes It,” by Chuin-Wei Yap, ChinaRealTime, The Wall Street Journal, July 16, 2014, http://blogs.wsj.com/chinarealtime/2014/07/16/chinas-steel-industry-still-overproducing/)