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China steel juggernaut expands Asia turf as market in West fades

South-east Asia's growing appetite for steel is helping to ease a global surplus that sent prices plunging last year

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China makes half the world's steel and has been sending more overseas as its domestic capacity rises faster than demand. Global shipments more than quadrupled since the 2008 financial crisis, reaching a record last year.

Shanghai

CHINA's steel juggernaut is picking up speed on its home turf.

As governments in Europe and the US limited supplies of Chinese metal they said was dumped on the market, the world's largest producer is expanding exports to its neighbours in South-east Asia. A third of all

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