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Global Overcapacity

The latest in this ongoing, worldwide problem.

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Mittal: Steel Tariffs Have Been a ‘Net Positive’ for Company

02 Aug 2018 - Rising steel prices and healthy demand propelled ArcelorMittal’s second-quarter profits to US$1.9 billion, its best quarterly finish since 2011. And chief executive Lakshmi Mittal is thanking one person: U.S. President Donald Trump. 

Chinese Province Promises More Capacity Reductions

05 Jul 2018 - In a bid to reduce air pollution, China’s industrialized Hebei province said it plans to cut 40 million metric tons of blast furnace capacity over the next two years, reports the Reuters news service. 

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