Shotgunner51
RETIRED INTL MOD
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http://www.wsj.com/articles/china-faces-new-pressure-from-eu-to-curb-steel-overproduction-1472971334
China produced 466 million tons of steel in the first seven months of this year, or half the world’s total output, according to the Brussels-based World Steel Association. It cut production a marginal 0.5% from the year-earlier period, while the rest of the world cut output 1.2%.
You mean rise of protectionism in the west? Sure there are, I saw that too, hilarious aren't they? I wonder who are practicing free-market capitalism these days, and who are trying to hide state-sponsored incompetence behind trade barriers.
Instead of resorting to protectionist measures, Brussels should let incompetitive industries simply CLOSE down. Remember their shipbuilding industry? I expect China steel to increase global market share from 50% to further more.
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