A Vietnamese steelmaker recently expressed that its business could soon be hurt by an influx of cheap Chinese steel, as Chinese steelmakers try to dump excess capacity overseas.
As China has been trying to reduce its steel capacity, it is looking into overseas markets to buy its steel products due to weak demand at home as a result of the economic slowdown. The downturn has been exacerbated by the effects of the ongoing Sino-U.S. trade war.