China’s steel industry is entering a precarious new era as a worsening property crisis imperils demand and Beijing’s construction-led growth model looks increasingly untenable.
Almost a third of China’s steel
Property crisis threatens to drag down a third of China's steel industry
Almost a third of China's steel mills could go into bankruptcy in a squeeze that's likely to last five years
 "China steel")
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The real-estate crisis has ballooned this year, engulfing developers to banks, and forcing Beijing to soften its growth ambitions. Steel mills that churned out more than a billion tons last year. (Photo: Bloomberg)
Topics : Chinese economy Steel Industry China Bankruptcy Economic Crisis Top Business Headlines Top 10 headlines Beijing
First Published: Aug 2 2022 | 11:44 AM IST
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