Qiushi Journal warns Chinese steel sector against US-style industrial decline

The Communist Party's theoretical journal, Qiushi, and the China Iron and Steel Association have issued a directive urging the domestic steel industry to modernize and avoid the structural decay seen in the US Rust Belt. The article highlights the sector's vulnerability to rising international trade barriers and shrinking profit margins, signaling a shift toward state-led industrial consolidation and technological upgrading to maintain global competitiveness.