China is Flooding Global Markets with Excess Steel Supply

Via Metal Miner Would it be an exaggeration to say that the world’s steel narrative is unfolding in China? Everywhere one looks, there are steel industry experts complaining about Chinese steelmakers unloading their excess steel products.  Take this report published at nikkei.com, which predicts that China could end the calendar year with a record-high export total, somewhere over 110 million tons (MT). If true, this would be the highest figure since 2015. As the report points out, the country already shipped 53 MT of steel in the first…