Expect melt shop closures in US: Moll
May 17, 2013 | 04:15 PM
| Daniel Fitzgerald
NEW ORLEANS At least two stainless steel melt shops in the United States could close in the next three years as the global market corrects for overcapacity, Steel & Metals Market Research GmbH (SMR) managing director Markus Moll told delegates at the annual conference of the International Stainless Steel Forum (ISSF) in New Orleans.
The flat products sector would likely see capacity rationalization in most regions over the next few years before demand improves in the latter part of the decade.
"In Europe, we see mostly reductions until 2016, and only in 2018 and 2019 do we think the market will need more capacity. So it would be good for some of the producers not to scrap the furnaces that (they) are not using now, but to leave them sitting there until 2020," he said.....
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