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"The global steel sector’s recovery from a glut-fuelled slump, driven by Chinese capacity cuts, is being put at risk by surplus capacity being built in the Middle East and Asia, sources and experts say. Figures from China show it has cut nearly 100 million tonnes of legal steel capacity and 120 million tonnes of illegal low-grade capacity since last January, but industry analysis shows only marginal declines in overall capacity. According to the latest estimate from the Organisation for Econom..."
<https://www.alpinemetalsdubai.com/post/global-steel-recovery-at-risk-from-capacity-ramp-ups-outside-china>