China targets exports and cleaner air to counter steel demand slowdown

A worker at the Dongbei Special Steel Group in the coastal city of Dalian, northeast China (photo: dpa)
A worker at the Dongbei Special Steel Group in the coastal city of Dalian, northeast China (photo: dpa)

China’s boom years saw huge increases in steel production, particularly for housing, cars and infrastructure projects. The nation’s current economic slowdown has encouraged producers to concentrate on exports, sparking accusations of steel ‘dumping’ and leading to tariffs in some countries, writes GIS guest expert Brendan O’Reilly. Beijing has attempted to use the fall in domestic consumption to its advantage, claiming it will reduce air pollution which is at its worst in steel-producing Hebei province, which surrounds Beijing.

<i>China’s vital steel industry is entering a dangerous phase. Changes in the global marketplace and significant cooling in the Chinese housing sector ...

Not a subscriber yet?

Subscribe now and get the latest in-depth geopolitical analysis and forecasts from GIS’s unrivaled cadre of experts.

Learn more about our subscription plans.

You can also buy this report for €8.99 Buy

Add your comment