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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World crude steel production falls in November 2015

World crude steel production for the 66 countries reporting to the World Steel Association was 127 million tonnes (Mt) in November 2015, a -4.1% decrease compared to November 2014, the industry group said. It said in a statement that China’s crude steel production for November 2015 was 63.3 Mt, down by -1.6% compared to November […]

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Alarms sounds for India’s biggest steelmakers – Chicago Tribune

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The companies are suffering a triple blow from a glut of domestic production, soaring imports and prices at a six-year low, just as Prime Minister Narendra Modi seeks to spur growth in Asia’s third-biggest economy. The industry owes 2.87 trillion rupees($43.8 billion) of loans, an increasing amount of it close to delinquency, and the big […]

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