ArcelorMittal cries foul on steel exports from China

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Economic Times Logo Economic Times 3d ago

ArcelorMittal cries foul on steel exports from China - Economic Times

Quick Summary:

Steelmakers in the US and Europe are being squeezed between a fresh wave of cheap imports and anemic demand that’s pushing prices lower.

A surge in exports from Asia — and especially China — has the potential to become a political flashpoint in America and Europe and was a key campaign issue when Donald Trump first ran for the US presidency.

ReutersArcelorMittal, the biggest producer among Western nations, cut its forecast for consumption outside China — a key barometer of the world economy.