Us vs asian steel

Bloomberg View Apr 06, In doing so, the Trump administration is failing to appreciate a crucial reality: The United States needs China more than China needs the U. Yes, China is still an export-led economy, and the American consumer is its largest customer. By drawing increased support from domestic demand, China is better able to withstand the pressure of tariffs and other actions that are aimed at its exporters. Not so with the United States.

Trade war divides market, leaving no clear winner as demand weakens. Global crude steel output for the six months through June rose 4. Meanwhile, as Asia struggles to absorb China's steel, the U. The surge in China's steel production marks a reversal from Beijing's efforts to shed excess capacity in its steel industry. Now, new investment in steelworks has started to flow. The country has been buying more steel from abroad after a string of production problems at domestic facilities last year.

One of the primary reasons for record steel imports in the United States has been higher US steel prices compared to other countries. Higher steel prices in the United States make it an attractive destination for steel from countries such as South Korea and China. US steel prices are at a premium compared to other countries. The price differential is still quite high to encourage imports.

Two peer-reviewed reports North America and China compare hot-dip galvanized HDG steel coils produced in North America, primarily used in the construction and automotive sectors, to the same product produced in China and shipped to the North American market. The study found that hot-dip galvanized coil sourced from China results in nearly 50 percent higher GHG emissions. Thimons cited an example from another SMDI study involving the design of a four-story cold-formed steel office building in Minneapolis, Minnesota which showed that the building core and shell only includes about tons of HDG for the structural framing, floor deck and roof deck. If steel from China is used for this building instead of North American-produced steel, the GHG emissions associated with the production of the steel used would increase by more than tons CO2eq. For this single four-story structure, the difference is equivalent to the GHG emissions from consuming over 10, gallons of gasoline.