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[www.ferro-alloys.com] China’s crude steel output increases in May. China, the world’s biggest producer continues to face the complaining from the world. 
China accounts for about half of global supply for the metal usage. Many mills have brought back idled capacity or simply expanded existing production to make more profits. While production last year dropped for the first time since 1981 as the supply is over the demand locally. 
China is exporting its surplus at record rates irritate international rivals. Competitors from India to the European Union have increased trade barriers. In recent weeks China’s industrial overcapacity has been singled out as a global problem and provoked anger and complains from Japan and U.S. and other countries. 
China has pledged to decrease capacity by 150 million tons through 2020. Cutting capacity to moderate production is a long-term goal.

(Article from Internet for reference only)

• [Editor:Chen Zhen Seng]