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Where are all the Chinese steel cuts?

‘Don’t worry, it’s different this time. It has set aside cash to do this,’ the analysts said. They were talking about the Chinese government and its well-publicised steel production curbs that the global markets had been calling out for.

Where are all the Chinese steel cuts? Where are all the Chinese steel cuts? Where are all the Chinese steel cuts? Where are all the Chinese steel cuts? Where are all the Chinese steel cuts?

Construction activity in China has been flagging in June (photo: Leeotong16s)

Around six months since Beijing announced plans to cut 150-200 million tonnes of steel production capacity, though, China’s steel producers are still churning out the stuff at an unprecedented rate.

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