Steel pipes are seen before being loaded for export at Lianyungang port, Jiangsu province, China. Steel capacity may be reduced in China in 2017, but excess production is here to stay, an industry official in Europe said. Photo: Reuters

China serious in slashing steel capacity but excess production still coming down the road

Cutting capacity does not mean lower steel production for China

Topic |   Commodities

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Steel pipes are seen before being loaded for export at Lianyungang port, Jiangsu province, China. Steel capacity may be reduced in China in 2017, but excess production is here to stay, an industry official in Europe said. Photo: Reuters
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