overcapacity - Latest news GMK Center

According to Indian officials, steel production volumes should be assessed in relation to the size of the population

By 2028, excess capacity will reach 745 million tons

U.S. industry associations are concerned about the negative impact of decisions made by China and Brazil

The industry association believes that the continued aggressive application of steel tariffs is appropriate

The country has set a GDP growth target of 4.5-5% for 2026

The organization expects domestic steel demand to fall by 2% in 2025

Ukraine is not creating excess supply and must protect its domestic market from dumped imports, the official said

The main sources of growth are Asia, particularly India, ASEAN countries, and the Middle East

Ministry of Steel warns that prices below cost threaten industry expansion

By 2027, excess capacity will grow to 721 million tons

Markets are protecting themselves from Chinese steel, which is destroying global trade

The country plans to reform the steel industry and introduce a carbon tax