EFTA Document EFTA01385463

3 January 2018 HY Corporate Credit HY Multi Sector,Media, Cable & Satellite Volume Trends in the Regional Markets Asia Chronically oversupplied due largely to elevated production in China and Japan Asia is responsible for the majority of steel production and apparent demand at 69% and 65% of the global market, respectively. In 2016 Asia manufactured 1.125bn mt of steel yet consumed only 1.061bn resulting in a regional surplus of 63.5mn mt. This is largely a result of the influence of Ch