Elliot Feldman Comments on China's Role in Reducing Global Steel Overcapacity

News / July 18, 2016

Partner Elliot Feldman is extensively quoted in an article published July 7, 2016, in Bloomberg BNA’s Asia/Pacific Rim newsletter. In the article, “Cutting China’s Steel Output Not So Simple, Observers Say,” Feldman talks about the factors that have led to worldwide steel overcapacity and explains, “The Chinese Government survives on economic promise and performance. It needs to create jobs, not cut them. Nonetheless, there have been steel mill closures, and the government will continue trying to reduce capacity, but it will be slow and difficult because of the domestic economic impact.”

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