Editor's Insight: The high price of China's 'peak steel' output
China is producing far more than it needs and its exports have slashed world prices.
Nevil Gibson discusses his latest Editor's Insight on NBR Radio and on demand on MyNBR Radio.
Fri, 28 Aug 2015
Australia's BlueScope Steel this week revealed its New Zealand subsidiary, which runs the Glenbrook plant, is unprofitable. Urgent cost-cutting is needed to make it viable. The reason is not hard to find: a steel glut coming out of China.
You could call it Peak Steel, as China is now producing
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