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Can China absorb this year's steel capacity build-up?

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Listen: Can China absorb this year's steel capacity build-up?

China will bring on another 35 million mt/year of crude steel this year through its capacity replacement mechanism, S&P Global Platts estimates. How will this impact pig iron production growth? And is there enough downstream demand to absorb all of this steel? S&P Global Platts senior managing editor Paul Bartholomew discusses these issues with senior China steel analyst Zhang Jing.