Thursday, 16 May 2013

Belgium Metals Report Q3 2013

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Belgium Metals Report Q3 2013
May 15th 2013, 00:00

Belgium''s steel sector is being hit by flatlining demand from across the eurozone region, including from itsmain export market, Germany. Falling demand across the region has been exacerbated by an influx of cheapChinese steel following increasing production from Chinese steel works during H1 2013 leading toovercapacity.Pessimism surrounding future levels of demand across Europe has led to led to cut-backs being made by anumber of the country''s major steel producers including ArcelorMittal and Duferco. ArcellorMittal haspledged to keep its five core finishing lines open at Liege due to their ability to produce dedicated highquality products, which are still in d...

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