Global | Metals & Mining Equity Research The Counter-intuitive Consequences of Chinese Steel Production Cuts Following a y/y increase in Chinese steel production in 1Q and in response to trade wars and China's prolonged property market downturn, officials have ordered the closure of up to 50mtpa of steel capacity through the end of the year as part of the government's broader strategy to resolve structural overcapacity issues. Lower steel output should support finished steel prices globally and also impact ...