From bridges to sinks, steel is found everywhere. Often moving 5% to 10% in a single day over the past years, the sector is now going through one of its worst downturn in 50 years and, to make matters worse, the iron ore market faces increasingly severe oversupply. China, the world’s largest producer, produces about half of the world's steel output, and is blamed for flooding the global market with oversupply sold at below cost, violating global trade rules in the process. #MergentInc #industryreports #metalworks #steel
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