Worldsteel Warns of Steel Overcapacity Threatening Southeast Asia’s Market Stability

Geopolitical tensions and trade policies elevate Chinese steel imports to Southeast Asia, exacerbating regional production overcapacity

Baosteel’s Shanghai steelworks. Chinese steelmakers are continuing to expand exports of cheap steel. (Photo by Tomoko Wakasugi)

NEW YORK — Emerging indicators point to a significant steel supply surplus in Southeast Asia, according to Edwin Basson, Director General of the World Steel Association, who shared his insights with Nikkei. The region is experiencing a dual pressure of rising domestic production capacity alongside intensified Chinese steel exports, creating precarious market conditions.

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