Import of steel

China’s steel production has increased dramatically. In the last 25 years, its production has grown more than 12 times. In comparison, EU steel production fell by 12%, while US production remained largely flat. The main reason for this dramatic increase has been China’s double-digit economic growth in the past decades. This led to greater domestic demand for steel and the government invested heavily in the industry during the boom years. and has increased imports from China in recent years… 

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