Sino-File

Cast-iron assumption

“Three years ago we thought China’s steel consumption would peak in 2018, but sadly it has peaked in 2015/2016 now”

ArcelorMittal Chairman Lakshmi Mittal attends a parliamentary commission hearing at the National Assembly in Paris

Lakshmi Mittal

ArcelorMittal boss Lakshmi Mittal tells the Financial Times that China will reduce capacity among its steelmakers. He says this will happen because of Beijing’s environmental concerns and due to the risk lossmaking steel firms pose to the banking sector (see WiC208).


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