Capacity Cuts Lessen Supply, Raise Prices
Capacity Cuts Lessen Supply, Raise Prices
February 21st, 2018
China’s moves, including environmental shutdowns, to cut production capacity have reduced supply, raised prices, and in some cases disrupted supply chains. China has been working to cut capacity in industries beyond coal and steel, and efforts will be extended to address overcapacity in ship construction, nonferrous metals production, the refining and chemical industries, and the building material industries.