Chinese Steel Overproduction: Near-Term Buying Opportunities Give Way to Longer-Term Supply-Chain Risk

Dateline City: 
EL SEGUNDO, Calif.

EL SEGUNDO, Calif. (June 10, 2013)—Massive overproduction this year among China’s steel mills has pushed the country’s production to an all-time-high, resulting in rock-bottom prices but possible longer- term risk for buyers.

  

China’s steel production rose to an annual rate of 800 million metric tons as of March, nearly double from 420 million  at the end of 2008, according to information and analytics provider IHS (NYSE: IHS).

Language: 
English
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Contacts
IHS Media Relations, +1 303 305 8021
IHS Media Relations
press@ihs.com
or
Design & Supply Chain
Jonathan Cassell, +1 408 654 1714
jonathan.cassell@ihs.com

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