China’s Record Daily Steel Output Bodes Ill for World Rivals

Bloomberg News
  • Higher production to depress prices and margins at mills
  • Overseas shipments already running ahead of last year’s

Higher China Steel Production to Weigh on Prices

China’s record daily output in April bodes ill for an embattled global steel industry already reeling from a deluge of exports from the world’s top producer.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.

Read this article on the Terminal Request a demo to learn more

You might like:
  1. Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market
  2. Greenwich Mansion Listings Pulled to Wait for a Better Day
  3. Germans Are Going Wild for a Show Set During the Dawn of the Nazis
  4. U.S. Stocks Climb With Treasuries as Dollar Slides: Markets Wrap
  5. The U.K.'s $86 Billion Pension Problem Is About to Solve Itself