The steel industry is suffering from chronic overcapacity, 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, where the government has threatened to nationalize one of the company's mills
Subscribe to:
Post Comments (Atom)
Posts
Graceful written content on this blog is really useful for everyone same as I got to know. Difficult to locate relevant and useful informative blog as I found this one to get more knowledge but this is really a nice one.ISH China Beijing
ReplyDelete