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