Economic Survey: Excess Chinese steel putting pressure on Indian steelmakers
Mumbai: The poor performance of China’s property sector since 2021 has created significant overcapacity in the country’s steel industry, leading to a collapse in global prices of the alloy, India’s Economic Survey 2023-24 tabled in parliament on Monday said. This (Chinese overcapacity and exports) is putting “significant pressure” on steel producers in India, Vietnam, Brazil, … Read more