Top steelmaker Baowu warns Chinese producers face severe crisis

World’s top steel producer warns of severe industry crisis

China’s steel market – by far the world’s largest – is flashing multiple warning signs. Read more at straitstimes.com.

The world's biggest steelmaker warns of a looming industry crisis that will outpace 2008's downturn

FILE PHOTO: A steel coil is unrolled on the line at a steel mill in PennsylvaniaReutersA "harsh winter" is looming over China's steel sector, industry leader Baowu said.The firm expects the crisis to be worse than 2008 and 2015 downturns.Chinese producers are turning to foreign markets to unwind their steel supply.Steelmaker giant Baowu warned that the industry is falling into dire straits, as a severe Chinese downturn could spell trouble for wo…

Global Steel Giant Warns of ‘Severe’ Industry Crisis

Global Steel Giant Warns of ‘Severe’ Industry Crisis

Top steel producer warns of ‘severe’ industry crisis

Bringing Taiwan to the World and the World to Taiwan

China, the world’s top steel producer warns of ‘severe’ industry crisis

The property downturn and weaker factory activity in China ravaged domestic steel demand this year, prices plunged to multiyear lows and mills racked up losses

Top steelmaker Baowu warns Chinese producers face severe crisis

Sector ravaged by weak demand and industrial production as crippling property market slump hits Asia’s biggest economy