Global steel industry associations urge governments to address excess steel capacity

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Steel industry associations in the Americas, Europe, Asia and Africa have renewed their call for governments of steel-producing economies to intensify their work in the Global Forum on Steel Excess Capacity (GFSEC). Steel industries throughout the world expressed tremendous concern about the recent increase in steel overcapacity at a time when steel demand is severely […]

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Domestic steel players raise prices amid absence of green shoots

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Domestic steel industry has been continuously raising product prices since November despite the absence of green shoots. “There are no strong demand indicators, or green shoots, at all which can keep these price hikes sustainable. Demand from infrastructure is still to pick up and auto continues to be weak,” Sushim Banerjee, director general at Institute […]

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Steel demand in emerging economies face several challenges, says worldsteel

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Worsening external environment in the form of weak exports, low commodity prices, capital outflows and currency devaluation are posing challenges to emerging economies where steel demand continues to be below expectation, the World Steel Association (worldsteel) said in its latest short range industry report. Geopolitical and internal national political tensions in many emerging economies posed […]

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