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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 sā€¦
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