WESTERN STEEL MANUFACTURERS BLAME CHINA FOR OVERCAPACITY

Several leading western steel manufacturers alleged that China is the predominant global contributor to the problem of overcapacity that the world is currently facing. 

"The global steel industry is currently suffering from a crisis of overcapacity and the Chinese steel industry is the predominant global contributor to this problem," a group of nine US steel industry associations said in a statement. 

The organisations include American Iron and Steel Institute, Steel Manufacturers Association, Canadian Steel Producers Association, CANACERO (Mexican steel association), Alacero (Latin American steel association), EUROFER (European steel association,) Instituto AcoBrasil (Brazil Steel Institute), Speciality Steel Industry of North America, and the Committee on Pipe and Tube Imports.