21
Sep
16:56
Steel overcapacity increases as recession looms: OECD
At this week’s meeting of the OECD Steel Committee, participants expressed concerns about the sharp downturn in world steel markets, Kallanish reports.
According to data presented by the OECD, overcapacity this year could surpass 560 million tonnes, up from the 520mt registered in 2021. The increasing trend of overcapacity is expected to continue. The OECD noted, for example, that Chinese overcapacity decreased during the 2016-2019 period only to s…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous