The current debate about China’s steel overcapacity may ignore the lessons of the postwar steel crisis in the US and Europe.
Steel has featured prominently on the European agenda for a while now. Last February, thousands of demonstrators protested against Chinese dumping of steel, which they argue threatens jobs and investment.
In the recent Hangzhou summit, European Commission president Jean-Claude Juncker said the G20 “must urgently find a solution to the problems facing the s...
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