Steel overcapacity a global issue: Salzgitter exec

Feb 06, 2013 | 12:29 PM | Cem Turken

Tags  Salzgitter, Jörg Fuhrmann, Steel Success Strategies, overcapacity, protectionism, Cem Turken

ISTANBUL — Overcapacity in the steel industry is a problem both in Europe and globally, Salzgitter AG chief executive officer Heinz Jörg Fuhrmann said Feb. 6 at AMM sister publication Metal Bulletin’s Steel Success Strategies conference in Istanbul.

"The unused capacity is 350 million tonnes per year worldwide. This is not only in the E.U. but is located elsewhere, such as China, the rest of Asia, Nafta (the North American Free Trade Agreement region), Japan, India and the CIS (Commonwealth of Independent States)," he said, adding that....

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