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Global Overcapacity

The latest in this ongoing, worldwide problem.

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U.S. Commerce Secretary Recommends Quotas, Tariffs to Control Imports

16 Feb 2018 - The U.S. Commerce Department has concluded that steel and aluminum imports threaten U.S. national security and should be restricted through hefty tariffs and quotas, Commerce Secretary Wilbur Ross said Friday.

Europe Has a Big Overcapacity Problem, voestalpine Executive Says

05 Feb 2018 - About 20% of Europe’s steelmaking capacity is redundant, and companies should look to close mills while re-orienting themselves toward greater production of higher-end steel, voestalpine AG chief executive Wolfgang Eder tells The (London) Financial Times.

For President Trump, Decision on Steel Tariffs Looms

11 Jan 2018 - Within the next four days, the U.S. Department of Commerce is to send to the president its much anticipated report on whether imported steel poses a threat to national security.

China Sets New Steel Capacity Rules

08 Jan 2018 - The Chinese government is imposing new rules on steelmakers who want to build new capacity, reports the Reuters news service. 

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