Summary: China’s steel overcapacity, driven by a slump in the property market, is difficult to address due to its economic impact. This surplus is affecting global markets, leading to trade tensions and protectionist measures. The fragmented global steel industry also hinders decarbonization efforts, requiring international cooperation for significant progress.

Link: https://www.theedgesingapore.com/news/commodities/chinas-steel-surplus-isnt-easy-tackle-says-association