May 19, 2016 – (London) - Despite China signaling moves to cut its excess steel production capacity, industry chiefs say the country has declared a metals “war” that has had a “devastating” impact for the rest of the world's industry. Overcapacity in the steel industry has been a thorn in the side of the sector in recent years, pushing prices down and making it harder for some steel companies to survive. China’s low-cost metal producers have been widely cited as the main culprit for the glut. In particular, the world’s second largest economy has been accused of “dumping” cheap steel on to...