China's Baowu Dethrones LongReigning Steel King ArcelorMittal
Baowu churned out million tons of crude steel last year, up 41% from 2018. ArcelorMittal's output shrank 7% to million tons due to soft demand from the automobile industry, a result of the stagnant economies in Asia and Europe. With the impact of the coronavirus pandemic setting in, the mismatch between Chinese steelmakers and ...