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China: Market economy or not? Many steelmakers elsewhere say no way

With Joe Innace

November 24, 2015 05:53:38 EST (4:54)

The possibility of China being accorded market economy status from the World Trade Organization in 2016 has steel groups already sounding the alarm about shrinking output and lost jobs. Joe Innace explains how much excess global steel capacity is already weighing on prices around the world, the potential economic impact of changing China's status, and whether China is making any effort to cut back on ferrous production.

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