OECD economist pessimistic about steel capacity
Jul 03, 2013 | 11:47 AM
PARIS A key economic figure is pessimistic about the global steel sectors ability to reduce overcapacity.
"The prospects for excess capacity are quite bleak. Its difficult for markets to grow (their) way out of excess capacity, especially under demand and growth currently expected for the future," Anthony de Carvalho, senior economist for the Organization for Economic Cooperation and Developments (OECDs) steel committee, told AMM sister publication Steel First after a meeting in Paris, which wrapped....
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