From the article:

According to the Korean Iron and Steel Association, Chinese steel costs an average of $863 per ton, compared with a price of $2,570 per ton for Korean steel.

Reminds me of this bit in the Manifesto:

The cheap prices of commodities are the heavy artillery with which it batters down all Chinese walls...

Capitalism is set to go the way of feudalism:

At a certain stage in the development of these means of production and of exchange, the conditions under which feudal society produced and exchanged, the feudal organisation of agriculture and manufacturing industry, in one word, the feudal relations of property became no longer compatible with the already developed productive forces; they became so many fetters. They had to be burst asunder; they were burst asunder.