Steel isn't that simple. Pig iron isn't either. On one hand people seem to think Trump comments are straight forwards and on the other that Chinese steel is inferior. Steel is a commodity and countries have a demand and a capability for producing it. Not enough import. This is from 2019
This shows production figures for the same year
https://en.wikipedia.org/wiki/List_of_countries_by_steel_production
More interesting one - metal is a commodity and behaves as they all tend to
https://www.spglobal.com/platts/en/...lower-in-2021-as-global-prices-soar-analytics
Nobody makes the stuff to give away and dumping is a way of saying they can do more than we can which usually means more efficiently as they want more of it themselves to use. Japan had the same word used against them years ago.
While looking around I noticed that USA steel producers are upgrading - molten pig iron produced and while still molten straight to conversion. It seems neither country can get enough pig iron as they want which is influencing pricing. That stuff is probably used for castings. Machine tools etc.
This shows production figures for the same year
https://en.wikipedia.org/wiki/List_of_countries_by_steel_production
More interesting one - metal is a commodity and behaves as they all tend to
https://www.spglobal.com/platts/en/...lower-in-2021-as-global-prices-soar-analytics
Nobody makes the stuff to give away and dumping is a way of saying they can do more than we can which usually means more efficiently as they want more of it themselves to use. Japan had the same word used against them years ago.
While looking around I noticed that USA steel producers are upgrading - molten pig iron produced and while still molten straight to conversion. It seems neither country can get enough pig iron as they want which is influencing pricing. That stuff is probably used for castings. Machine tools etc.