Europe Has a Big Overcapacity Problem, voestalpine Executive Says
02/05/2018 - About 20% of Europe’s steelmaking capacity is redundant, and companies should look to close mills while re-orienting themselves toward greater production of higher-end steel, voestalpine AG chief executive Wolfgang Eder tells The (London) Financial Times.
"As long as many plants in Europe produce the same stuff as non-European competitors can produce on a much lower cost base, we should not be surprised that the European steel industry is suffering," Eder said.
The Financial Times has the full story here.
