102 Days
Source:
الصحة والعلوم الشرق الأوسط
Source: الصحة والعلوم الشرق الأوسط
102 Daysالصحة والعلوم الشرق الأوسط
Source: الصحة والعلوم الشرق الأوسط
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The global steel industry is facing a crisis, as increased government support for production in China has led to an oversupply of cheap steel, while demand has declined due to the war in the Middle East. Last year, the production surplus reached 640 million tons, and it is projected to reach 745 million tons by 2028, accounting for more than one-third of global demand. The organization points out that the excess production is mainly coming from China, which supported its plants by 54% of the total, with exports increasing due to the shrinking domestic market. This situation threatens the sustainability of the sector and global economic stability.
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