Report: China’s Steel Industry Could See Wave of Consolidation
09/23/2024 - With nearly 75% of China’s steel producers posting losses in the first half of this year, bankruptcy is a looming risk — and one that could spur consolidation among domestic producers, reports the Bloomberg news service.
According to Bloomberg, China’s sustained property crisis and it slowing economic growth have impacted steel demand at a time when the government is pushing for industry consolidation.
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