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05 May
16:37

Trade groups take aim at global overcapacity

A coalition of eight governments has solidified its position on reducing global excess steel capacity, Kallanish learns from the American Iron and Steel Institute. The governments of the US, Canada, Turkey, the European Union, Japan, Mexico, Switzerland and Korea agreed at an 18 April meeting in Brussels, Belgium, to eliminate government subsidies, curb domestic capacity expansion programs, close “… uneconomic or consistently loss-making facilities&…
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