China produces 75% of the steel in the world and their current capacity is 100%.
They continue to add capacity through government investment.
It’s apparent that China intends to be the only steel manufacturer in the world, putting every other country out of the business.
As a national policy.
Exactly right. China’s global ambitions make it a real strategic threat to the US. Yet, all we hear is Russia Russia Russia. China has been stealing our lunch right from under our nose.