It’s not as if Chinese steel has been struggling to make up for lost sales, as its share of the global steel market has dropped by more than 50% since 2013, when it had an almost entirely dominant position.
China’s steel industry is now the fifth largest in the world, behind the United States, the United Kingdom, France, and Japan.
The United States has the largest domestic production capacity, but imports from China account for a majority of its steel imports.
And the United Nations International Energy Agency projects that China will overtake the United Arab Emirates as the world’s largest steel importer in 2019.
But despite the fact that the Chinese steel industry has been growing steadily for the past five years, there are some important questions about its future.
Will its share continue to shrink or will it fall?
And how much will the domestic demand for steel rise or fall as China becomes increasingly connected to the global economy?
We asked five experts to give us their take on the future of China’s world-leading steel industry.
For starters, there’s little doubt that China is getting better at managing its steel stocks.
As a result, its share has risen in the past two years, from 8% to about 11%.
It’s clear that the country’s steel industries are increasingly diversified.
It’s also clear that, given the challenges of the steel market in the US and Europe, steel is not going to be an integral part of China or the global market for steel.
The US steel industry employs about 2.4 million people, while the EU employs about 3.3 million.
The same can’t be said for the Chinese domestic steel industry — the country has not expanded its domestic steel capacity.
Instead, it has been contracting and contracting as it has struggled to meet increasing domestic demand.
A key factor in this is the government’s aggressive subsidies of steel-making and other industries.
In 2020, for example, the Chinese government subsidized the production of steel, and it pumped billions of dollars into other industries, such as cement, aluminum, and pharmaceuticals.
In 2017, China’s government pumped in an additional $2.9 billion to the steel industry to help meet the countrys steel-supply needs.
In 2018, it pumped in another $2 billion.
But China’s domestic steel demand has not grown, as the country was forced to ramp up production in 2018 due to a massive government-backed stimulus.
In 2019, China announced a new subsidy program, which allowed the government to subsidize steel-production, and also to pay for domestic steel-workers’ salaries.
The new program included a one-time $1.5 billion subsidy to help steel-makers meet their production targets.
However, this was also the first time that China had allowed steel-industry workers to receive a wage increase for six years.
It is likely that the government will increase this subsidy, as it had previously raised steel-worker salaries in 2018, but this was the first increase since 2020.
As a result of this increase in domestic steel production, the domestic steel market will expand further.
And this is a key reason why the steel sector will continue to grow, as domestic steel companies will be able to sell more steel domestically.
The US and EU are the two main markets for Chinese steel.
In 2019, the US accounted for roughly 14% of China and EU imports.
However in 2020, the two countries were the only countries that accounted for over 25% of global imports, according to the Stockholm International Peace Research Institute.
The EU has more than doubled its domestic production in the last decade, while China has stagnated in the domestic market.
According to the World Trade Organization, China is one of the world leaders in steel exports.
The country’s imports of steel products totaled $14.5 trillion in 2019, which was more than the next seven largest global buyers combined.
The European Union has a global market share of about $4.2 trillion.