Insight
Steel trade’s rough edges
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Report summary
Global steel trade in 2024 unveiled a mix of intense competition, plummeting prices, and displaced trade patterns. As China battled with an elongated decline in domestic demand, its steel found its way abroad. Domestic steelmakers in importing countries were hurt and protectionism emerged as the new buzzword. But will China continue to disrupt world steel trade in 2025 and beyond?
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