Ad
Brussels is urging Beijing to overcome overcapacity by allowing massive defaults. That, however, is not the way the US and Europe resolved their postwar steel crises. (Photo: Thyssengroup)

Steel overcapacity crisis - from Europe to China

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...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
Brussels is urging Beijing to overcome overcapacity by allowing massive defaults. That, however, is not the way the US and Europe resolved their postwar steel crises. (Photo: Thyssengroup)

Tags

Ad

Related articles

Ad
Ad