World’s Top Steel Producer Warns of ‘Severe’ Industry Crisis
https://tiyona-t4m7cq.blogspot.com/p/fume-dog.html World’s Top Steel Producer Warns of ‘Severe’ Industry Crisis (Bloomberg) -- The world’s biggest steel producer sounded the alarm about an industry crisis in China that carries the potential to ripple around the globe and plunge the sector into a deeper downturn. Most Read from Bloomberg Manchester Is Giving London a Run for Its Money Biden Invests $100 Million to Fuel Housing Construction Boston’s Broke and Broken Transit System Hurts Downtown Recovery In DNC, Chicago’s Embattled Transit System Faces a High-Profile Test Johannesburg Mayor Quits Amid Infighting, Financial Woes Conditions in China’s steel sector are like a “harsh winter” that will be “longer, colder and more difficult to endure than we expected,” China Baowu Steel Group Corp. chairman Hu Wangming told staff at the company’s half-year meeting, warning of a worse challenge than major traumas in 2008 and 2015. Global investors are lasered onto China’s struggling economy, ev...
