Nippon Steel has nine facilities in China among its global production base, according to its 2023 integrated report to shareholders. The company added the facilities to its asset portfolio between 2001 to 2013, a key period of unprecedented growth in Chinese steel demand.
That era has been long criticized by American steel producers as the time during which China massively overproduced the alloy and dumped excess metal in the U.S. and the rest of the world, tanking global prices and leading to the unprofitability of many once-dominant American steel companies.
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