China Wins Big as Sanctions Cripple Russia’s Steel Industry ...Middle East

OILPRICE - Economy
China Wins Big as Sanctions Cripple Russia’s Steel Industry
source : OILPRICE ( Middle East ) () 50
Via Metal Miner   Ongoing geopolitical conflicts, including one active war, combined with market instability, declining steel demand in certain global regions and a rise in protective tariffs on exporting nations, have all come together to force some steel-producing countries, including China, to reassess and refocus their steel industry supply chains. Faced with weak domestic steel demand due to a slowdown in economic growth, China’s steel industry has been revising its export roadmap. Its exports of metal alloys to Russia, for example,…

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