China’s steel output expected to keep overcapacity in next five years

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Publish time: 26th February, 2012      Source: ChinaCCM
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According to the report, the director of general of industry body Eurofer said China's steel output will keep rise over the next five years.

Currently, China produced around 150~200 million tons of overcapacity of steel from total of 750 million tons and it is seen to keep its growth rate over the next five years, approximately 1,000 million tons of total production in five year.

Europe will face the rise of imports from China. Eurofer had recently filed the complaints of coated sheets imports from China