Why it’s So Hard to Quit Chinese Steel
May 4, 2022
Research Analyst, Manohar Parrikar IDSA, Mr Akash Sahu’s article ‘Why it’s so hard to quit Chinese steel’ has been published by ‘Pacific Forum’ on 4 May, 2022.
China’s hold over steel, particularly stainless steel, has increased radically in recent decades..But that is not the complete picture. Chinese companies also produce steel in Southeast Asian countries like Indonesia. Production has shifted to ASEAN countries with the onset of the US-China trade war to reduce dependency on China, but if Southeast Asia’s production of steel, an essential component in manufacturing, were controlled by Beijing, then regional value chains remain vulnerable, says Mr Sahu.
