What's Up With The Donald's Steel Trade War? China!

China’s share of global steel production has skyrocketed over the years to 51.7% in April. The chart below shows China’s market share (red line) that reached 50% for the first time in 2013 and has about stayed there since (2017 = 49.2%). This is juxtaposed to North America’s market share – so the share of the US, Canada, and Mexico combined – which fell from nearly 17% in 1996 to just 6.9% in 2017:

https://wolfstreet.com/2018/06/01/who-dominates-the-steel-trade-that-trump-just-hit-with-tariffs/

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.