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26 Mar
10:21

OECD sees Covid-19 steel deterioration, advances subsidy database

The OECD Steel Committee expressed deep concern following meetings last week over the deterioration in steel market conditions related to the Covid-19 crisis. It also agreed to accelerate work to build a comprehensive database of subsidies and other government support measures provided to steel producers. Global steel demand is expected to recover only partially in the near term, with the level of finished steel demand in 2021 expected to remain below pre-pandemic…
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