China “announced a major cutback of 50 million tons on steel production [capacity]…in 2017. This is on top of a production [capacity] decrease of 65 million tons in the steel industry…in 2016.”

–Voice of America, March 6, 2017

 

February year-on-year change in global steel production: +4.1%

February year-on-year change in China steel production: +4.6%

February year-on-year change in U.S. steel production: -1.0%

 

(Sources: “China Taking Political Risks for Economic Reforms, Foreign Investments,” by Saibal Dasgupta and Joyce Huang, Voice of America, March 6, 2017, http://www.voanews.com/a/china-economic-reforms-foreign-investments/3751213.html and “February 2017 crude steel production,” press release, Media Centre, World Steel Association, March 22, 2017, https://www.worldsteel.org/media-centre/press-releases/2017/february-2017-crude-steel-production0.html)

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