50 MILLION TONS OF STEEL PRODUCTION CAPACITY INCREASE IN CHINA 2012 ?

It has been reported that China could increase in actual year its steel production capacity by an amount of 50 MMT. If this happens, steel surplus in Corea, Japan and China will attain terrible numbers, adding big troubles to the P&L account of the steel industry.

In a moment that mining and trading lobbies are increasing their size to un-aceptable limits obtaining market dominant positions, the worst scenario for the steel industry will be to continue increasing production over real demand, feeding the spiral of raw material prices.