China cuts steel production 30% - here's what this means for your portfolio

China just announced it's putting its steel industry on a diet, planning to cut production from 2025 to 2026. For the world's largest steel producer to suddenly pump the brakes, you know something's up. Their crude steel output already dropped 3.1% in the first half of this year, and now they're officially admitting they've got an overcapacity problem that would make a warehouse clearance sale look modest.

The timing couldn't be more interesting. While China's dealing with too much steel and not enough buyers, the U.S. is busy slapping 30% tariffs on Chinese goods like they're handing out spe...