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Global Overcapacity

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Report: The World Still Has Too Much Steel Capacity

11 Oct 2017 - The steel industry has about 330 million metric tons of capacity to spare, with more set to come on-line within the next two years, reports the Reuters news service. 

Germany Organizes Meeting to Discuss Steel Overcapacity

06 Oct 2017 - Germany has called a meeting with other top steelmaking countries to discuss global overcapacity, according to the Reuters news service. 

USW Again Calls On Trump to Impose Steel Tariffs

25 Sep 2017 - Citing ArcelorMittal’s decision to halt plate rolling at its Conshohocken, Pa., USA, plant, the United Steelworkers union is issuing a new call to the Trump administration to complete its national security review of steel imports. 

China Looks to Cut Pollution – By Reducing Steel Output

25 Sep 2017 - To curb pollution, China is preparing to initiate a first wave of steel production cuts that will reduce output at its largest steelmaking city by half, reports the (London) Financial Times.

Tata, thyssenkrupp Set Framework for Combining Steel Operations

20 Sep 2017 - Tata Steel and thyssenkrupp have signed a preliminary agreement to combine their European steel operations, creating a 50-50 joint venture that would be Europe’s second-largest steelmaker behind ArcelorMittal. 

ArcelorMittal to Cease Rolling Plate at U.S. Mill

19 Sep 2017 - ArcelorMittal USA said it will idle the plate rolling line at its Conshohocken, Pa., mill sometime in the next year on account of low demand and competition from unfairly traded imports.

Report: Trump Twice Said No Deal to China on Offer to Reduce Steel Capacity

29 Aug 2017 - U.S. President Donald Trump apparently wants tariffs on imported Chinese steel so much so that he rejected an offer from Chinese leaders for additional capacity cuts, reports the (London) Financial Times. 

U. S. Steelmakers Make the Case for Import Restrictions Directly to Trump

24 Aug 2017 - Top executives at 25 American steel companies have appealed directly to President Donald Trump for relief from imported steel. 

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