Globalisation and concentration in the steel industry must lead to a more competitive steel market

With the growing concentration and globalisation of the steel industry, it, is becoming ever more important for their customer industries to ensure that trade in steel becomes freer and fairer. If increasing quantities of Chinese and Indian steel are finding their way into the European market, it is clear that this is because of demand for such products, often generated by shortfalls in the quantities available in the EU. The increasing imports into the EU are market-related and mainly due to EU’s present price level (highest steel price worldwide).

European steel producers have in recent years been concentrating on producing the higher grades of steel which many of their customers require. This has generated higher value added and substantial profits for steel companies, but has meant that part of the market for standard lower value added commodity products, which their customers also need, is being neglected.

7 May, 2007
Press release

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