09
Jun
01:00
World has 517mt too much steel capacity, and growing, estimates Stewart & Stewart
Total overcapacity for steelmaking around the world grew to 517 million tonnes in 2013, up from 500mt in 2012, according to a recent report by the US Economic Policy Institute and law firm Stewart & Stewart.
“This is more than twice the excess capacity that burdened the global steel market in the early 2000s, in the wake of the 1998 Asian financial crisis,” say the main authors of the report, Terence Stewart and Elizabeth Drake.
Excess cap…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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