China is the world's biggest steel producer, accounting for around 822 million tonnes a year. There was a call from the US, Canada, the EU, Japan, Mexico, South Korea, Switzerland and Turkey to restraint the world's steel production. The call was raised due to the failure of international talks to find measures to tackle the industry crisis. Selling Steel at a Loss In the past months, record production in China has led to criticism. Analyst saw it as a distortion for international ...read more
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