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Steel Overproduction to Reach Worst Level in 2028 Forecast as China Increases Capacity (Kyodo News)
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[Paris, Kyodo] The Organization for Economic Cooperation and Development (OECD) predicted in its latest "Steel Outlook," published on the 4th, that excess production capacity will expand by 2028, approaching record high levels. China and India are increasing their capacity, and inexpensive products are circulating globally. If the current situation continues, "the survival of the steel industry will be at risk."
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