China's New Economy Seen as Steel Output Falls Most in 6 Years
- Global steel production slid 2.8% to 1.62 billion tons in 2015
- `Oversupply on the world market urgently needs to be reduced'
A worker helps to lower steel pipes onto a truck at a storage yard in Shanghai.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
For evidence of China’s transition away from manufacturing and heavy industry, look at what is happening to steel.