-(1)-Reinhausen-(1).jpg?lang=en-US&ext=.jpg)
Global Overcapacity
The latest in this ongoing, worldwide problem.
Latest News
Allegheny Technologies Moves to Permanently Shut Down Two Mills
27 October 2016 - Specialty metals producer Allegheny Technologies Inc. is permanently closing two idled mills in southwestern Pennsylvania, marking its exit from the grain-oriented electrical steel market and a step back from the commodity stainless market.
Canadian Legislators to Study Steel Dumping
24 October 2016 - A Canadian parliamentary committee is undertaking a study of the factors that are hindering the country’s steelmakers from competing internationally, including unfair trade.
Capacity Reduction Will Happen Later Rather Than Sooner, Says Consultant
19 October 2016 - By the time the industry closes the books on 2016, China likely will have exported about 120 million tons of steel, Steel-Insights President Becky E. Hites said on Wednesday.
Chinese Steel Production Proving Difficult to Curb
27 September 2016 - If China really intends to cut its excess steelmaking capacity, then the effort is off to a lousy start, reports the Bloomberg news service.
'It's Never Easy to Resolve This Issue,' Says OECD Steel Committee Chairman
23 September 2016 - The outgoing chairman of the Organisation for Economic Co-operation and Development’s steel committee says “many difficulties lie ahead” as the world looks for agreements to bring steelmaking capacity in line with demand.
Boasteel Merger May Just Be the Beginning of Chinese Steel Industry Consolidation
20 September 2016 - The merger of China’s Baosteel and Wuhan Iron and Steel Group might be the first of several mergers among the country’s steel producers, reports the Bloomberg news service.
Report: Proposed Merger of China's Baosteel, Wuhan Iron and Steel Wins Regulatory Approval
19 September 2016 - A plan to merge two of China’s largest steelmakers into a single entity with more than 60 million tons of capacity has received regulatory approval, reports Caixin magazine.
