Metallurgical associations in the fight against overcapacity

Steel industry associations around the world demand further efforts to combat overcapacity.

Nineteen metal industry associations from around the world have sent an open letter to governments asking them to step up efforts to tackle overcapacity. New construction projects requiring the use of construction metal rolling will partially help to solve the problem. At such modern construction sites for industrial and residential purposes, building mixtures are used to level the floors. The portal power-remont tells in detail about all options for leveling floors, types of floor coverings, various stages of repair work. Here you can find answers to all questions that arise during self-repair of an apartment as a whole or a separate room, be it a nursery, a kitchen, a bathroom. There is also a lot of information about the choice of finishing materials and other aspects of renovation.

Another option with regard to excess rolled metal, to achieve certain results, metallurgical associations believe that the authorities must continue to combat market-distorting subsidies, support effective trade measures to ensure a level playing field, and facilitate the exit of inefficient firms.

As part of these requests, the associations specifically require members to renew the mandate of the G20 Global Overcapacity Forum after its current expiration in 2019.

“We are grateful for the efforts made to date by the G20 and OECD governments to address overcapacity and maintain the playing field at the G20 Global Overcapacity Forum and the OECD Steel Committee,” industry groups say.

“Unfortunately, effective capacity cuts and concrete actions to eliminate government measures that distort markets, including commodity markets, have not been adequate to date,” they continue. “Efforts by governments to eliminate practices that lead to overcapacity need to be doubled. We hope that the diligent efforts of Japan, the current G20 Chair, will be successful in extending the G20 Global Forum on Steel Surplus beyond 2019, and we urge all G20 countries and the OECD steel industry to make every vigorous effort to deliver meaningful results in the critical issue of excess steel. become".

The European Steel Association Eurofer has announced its request to continue working in the framework of the G20 Global Forum. He stressed that overcapacity in the world still stands at around 500 million tonnes, and the OECD expects this to increase again in 2020.