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Eder Calls for Cut in Steel Production

Published: September 17, 2012; 20:08 · (Vindobona)

The CEO of the Austrian steel producer voestalpine asks the European Union to introduce a controlled reduction of the steel production. The overcapacities would cause lower prices, Eder argues.

Eder Calls for Cut in Steel Production / Picture: © Voestalpine AG (Blast Furnace A)

According to Wolfgang Eder, the European steel industry suffers from a substantial overproduction. In the Swiss newspaper “Finanz und Wirtschaft”, Eder suggested that the EU should start a controlled reduction of the European steel production. Eder wants the European steel industry to downsize drastically. Moreover, the steel industry should consider shutting down a part of its…

This article includes a total of 247 words.

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