Summit May Focus on Renewed China Steel Growth But Local Actions More Likely — Panjiva
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Summit May Focus on Renewed China Steel Growth But Local Actions More Likely

China 2968 European Union 823 Materials - Metals/Mining 748 Metals - Aluminum 247 Metals - Steel 511 South Korea 575 Taiwan 206 Tariffs 1791 Vietnam 371

While recent trade policy action in the metals industry has focused on America’s section 232 duties, the OECD Global Steel Forum on Overcapacity (and potentially a similar process for aluminum) rolls on this week. The target of talks will likely be China given its exports of steel climbed 7% in the three months to April 30 (reaching the highest since September 2015 in April) after a 2% drop in 2017. The need for countries outside of the U.S. to “deal” with the threat of Chinese export growth is more pressing now, though that shouldn’t be overstated given America received just 4% of China...

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