The steel industry is suffering from chronic over capacity, with production ability of 1.8B tons...
Wednesday, November 28, 2012, 10:55 AM ETThe steel industry is suffering from chronic over capacity, with production ability of 1.8B tons but expected 2012 orders of just 1.5B tons. And instead of cutting back, the sector is building more mills, often supported by governments. Major problems include the fragmentation in the industry and the political difficulties of closing plants - witness ArcelorMittal's (MT) travails in eastern France.
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