Dealing with China’s Steel Overcapacity
China’s eight-fold expansion in steel production over the past 20 years has resulted in a worldwide oversupply. China now accounts for half of global steel output and is the largest exporter. Steel producers in the United States and other countries have faced a rising tide of imported steel. The U.S. reaction has been to impose antidumping (AD) and countervailing duty (CVD) measures to restrict imports. AD/CVD orders have not succeeded in restoring full profitability to U.S. steel mills, but have... Читать дальше...