China Iron and Steel Association warns overcapacity in the industry

                                                                                    INQUIRY

      China Iron and Steel Association said on Sunday that the risk of capacity expansion in the industry still exists; steel production has increased sharply, and it is bound to overdraw steel demand in the later period; iron ore prices have risen sharply, squeezing steel companies' profit margins.

The association’s press release on its website stated that after three years of hard work, the country’s 150 million tons of excess capacity was dismantled and the “strip steel” was completely eliminated, but the task of structural reform on the supply side was far from complete.

According to the press release, in the first quarter, the investment in fixed assets of ferrous metal smelting and rolling processing industry increased by 30.6%. The impulse to expand production capacity, the “strip steel” wanted to resurrect, and the willingness of some enterprises to power the furnace was strong.


INQUIRY sales@hellerbearings.com
  • Details： China Iron and Steel Association warns overcapacity in the industry

  • Like Model No.:

  • We cooperate with UPS,TNT,FEDEX,EMS,DHL,etc.They guarantee to meet your needs in terms of time and money,even if you need your China Iron and Steel Association warns overcapacity in the industry bearing tomorrow morning (aka overnight or next day air) on your desk, 2, 3 days or more.Note to international customers, YES, we ship worldwide. INQUIRY -->

    Hot Model No.: