A sharp increase in US steel imports from Asia in the first quarter serves to highlight the overcapacity and overproduction of Asia’s steel industries. Surplus Asian output is undermining the global steel price. Without output cuts, particularly in China, steel prices will continue to fall.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services