12
Dec
10:27
More steel capacity cuts needed says Aditya Mittal
Chinese over-capacity is persisting and further cuts are required, ArcelorMittal Europe president Aditya Mittal said at the company media day in Paris attended by Kallanish. A total of 250 million tonnes of capacity reduction in China is needed, the executive added.
However, both the global utilisation rate and the profitability in the global steel industry has improved as China has already cut 140 million tonnes of official capacity. The country has a plan mean…
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Anonymous
Very good overview of the weekly steel market.
Anonymous