Southeast Asia at risk of steel capacity glut, Worldsteel chief warns

Iran war, Western tariffs push China exports to region adding local production Baosteel's Shanghai steelworks. Chinese steelmakers are continuing to expand exports of cheap steel. (Photo by Tomoko Wakasugi) NEW YORK — Signs of a steel supply glut are starting to emerge in Southeast Asia, World Steel Association Director General Edwin Basson told Nikkei, with increased Chinese exports coming on top of growing domestic capacity.

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