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22 Oct

Global steel associations express 2020 overcapacity growth concern

Global steelmakers associations have joined forces to issue a statement requesting governments to intensify their work in the Global Forum on Steel Excess Capacity (GFSEC). In a letter seen by Kallanish, the associations confirmed that at a time when coronavirus is impacting global demand, overcapacity is projected to resume growth after four years of reduction from 2016-2019. “The associations noted the uneven state of recovery in macro-economic conditions…
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