China is running out of time to cure its steel problems: Andy Home

China is frantically trying to apply the brakes to its runaway steel juggernaut. Targets are being set for capacity closures, 45 million tons nationally this year and 100-150 million tons over the next three to five years. Regional governments are heeding Beijing’s call. Yunnan province, for example, has committed to eliminate 4.5 million tons of …

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