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There’s a worrying picture emerging in the global steel industry. While in the UK, China is being blamed for the loss of more jobs at Tata Steel’s Port Talbot works in Wales, the realisation that the Asian nation’s steel production and demand have peaked is raising wider concerns throughout the whole supply chain.
Chinese steel may need to find a new home if the EU puts strict anti-dumping measures in place (photo: Alfred T Palmer)
These two issues are related. China, which in recent years has strived for consumption-led growth in steel, has taken its eye off all-important demand.
The company said it would not make an offer without USW support
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