China’s Steel Industry Hit Hard, With Impacts in Store for Economy
The dramatic fall of the price of steel in the third quarter this year has raised concerns about the Chinese steel industry and the economic health of the nation.
Workers at a iron and steel mill in Shenyang, northeastern China's Liaoning Province, in 2007. Masses of iron ore mines have shut down in China recently and steel prices are in freefall, indicating a potentially harsh reckoning for the economy. AFP/Getty Images
By Gao Zitan
Updated:
