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27 Mar
15:40

OECD meeting highlights steel overcapacity, injurious trade measures

The OECD steel committee has produced a generally downbeat outlook for the global steel sector following its 86th session on 25-26 March, Kallanish notes.  In a chair’s statement issued following the meeting, vice chairman Jai Motwane said that the outlook for steel markets faces considerable downside risks. OECD global GDP growth forecasts “… were revised downward, to 3.3% for 2019 and 3.4% for 2020. Downside risks include a further incr…
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