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WASHINGTON (Reuters) -The Biden administration is not taking any options off the table to respond to China's excess industrial capacity, which is a top concern for the U.S. and its allies, U.S ...
Top steel producing companies. China produced over 1 billion tonnes of crude steel in 2022, 52.9% of the world's total production, [6] and up from 123 million tonnes (121,000,000 long tons; 136,000,000 short tons) of steel in 1999.
Headquarters. China Iron and Steel Association (CISA, Chinese: 中国钢铁工业协会) is a national, non-profit organization founded in 1999 on the basis of China Metallurgical Enterprise Management Association.
Capacity utilization or capacity utilisation is the extent to which a firm or nation employs its installed productive capacity (maximum output of a firm or nation). It is the relationship between output that is produced with the installed equipment, and the potential output which could be produced with it, if capacity was fully used. [1]
CHINA OVERCAPACITY. Yellen told Reuters no option was "off the table" for dealing with one threat to the U.S. economy - overproduction in China, which was hurting manufacturers in numerous ...
FRANKFURT (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday that the United States and Europe needed to respond to China's industrial overcapacity in a "strategic and united way" to ...
In 2008, 2009, 2015 and 2016 output fell in the majority of steel-producing countries as a result of the global recession. In 2010 and 2017, it started to rise again. Crude steel production contracted in all regions in 2019 except in Asia and the Middle East. India is the 2nd leading producer of iron and steel industries. [citation needed]
When various governments intervene to increase capacity, as they have done with steel and may now be doing with AI, we struggle with spillover effects. AI could become the ‘new steel’ as ...