06
Nov
09:32
Macquarie: developed world steel exporters are at risk
Steelmakers which rely on exporting from the developed world are the most at risk of closure in the coming years, says Macquarie. Considering the end of rapid steel demand growth and weak capacity utilisation levels, some steelmaking will have to close and the only question is where, Kallanish notes.
At current steel production and demand levels, the capacity needed in order to reach ‘healthy’ levels of capacity utilisation is massive. 170 million to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous