Challenges of Chinese Over-Capacity in Global Steel Production

The podcast delves into the longstanding challenge of Chinese over-capacity and excess production in global steel and aluminum markets. This issue stems from China's strategic investment and creation of excess capacity, resulting in predatory pricing practices that have driven out producers in other economies. The imbalance has led to worldwide economic impacts, with China dominating steel production and supply in sectors like solar panels and batteries. Efforts are being made to address this issue through negotiations for a global sustainable steel and aluminum agreement to promote cleaner production and fair trade.