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Cover Story: China’s Steel Industry at a Crossroads as Long Winter Looms

By Luo Guoping, Fan Ruohong and Han Wei
2022年09月05日 07:51
Property market crisis and slowing economic growth have slashed demand and turned profits into mounting losses
China’s current steel production capacity is 1.2 billion tons a year, with annual consumption hovering around 1 billion tons.

For China’s steel industry, the world’s largest, winter has arrived early and it is shaping up to be one of the harshest in years with a slowing economy and escalation of the property market crisis tanking demand and evaporating profits.

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