UNITECR 2015: Steel industry needs to adjust to “new normal” without subsidies

By Laura Syrett
Published: Wednesday, 16 September 2015

Hans-Jurgen Kerkhoff, president of the German Steel Federation, has called on global industry bodies to allow their steel sectors to adapt organically to a new era of lower growth, without prolonging overcapacity by subsidising producers – a bold policy move that could mean a sharp adjustment for refractories suppliers.

Steel market adjustments under new lower growth conditions should be driven without subsidies or else run the risk of temporary overcapacity becoming permanent, a leading German steel industry figure has warned.

Speaking in Vienna, Austria, today at the 14th Unified International Technical Conference on Refractories (UNITECR), Hans-Jurgen Kerkhoff, president of the German...

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