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„Steel Industry Needs Market Adjustment“

Published: April 4, 2012; 16:59 · (Vindobona)

Wolfgang Eder, CEO of the Austrian steel company voestalpine, sees massive overcapacities in the European steel Industry. Eder reaffirmed his warning to leave Austria.

„Steel Industry Needs Market Adjustment“ / Picture: © Flickr / Worldsteel

According to CEO Wolfgang Eder, the European steel industry needs a market adjustment. At the moment, EU member countries may produce 251 million tons of steel. Nevertheless, the real demand is only 170 or 180 million tons, Eder says.

Until now, only minor steps were taken. Tata Steel and Arcelor Mittal initiated the shutdown of several smaller steelworks. But this is not…

This article includes a total of 241 words.

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