Demand weakness sparks OECD concern
Dec 17, 2008 | 11:37 AM
| Diana Schwaeble
The current economic crisis and the slowdown in steel demand underscores the importance of working together for fair trade, industry leaders stressed at the Organization for Economic Cooperation and Development (OECD) world steel committee meeting in Malaysia on Dec. 15-16.
"The OECD Steel Committee is the only forum where we can get certain subjects like capacity, subsidies and distortions discussed openly between governments," said Thomas A. Danjczek, president of the Steel Manufacturers Association (SMA), Washington.
At the meeting, the impact of the global slowdown on the raw materials market was discussed, particularly how weak demand combined with increased capacity could lead to price weakness worldwide, according to an OECD statement.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here