Euronews
Europe · 5 hrs ago
✦ 78◉ Centre
Global steel crisis deepens as oversupply reaches alarming levels, OECD warns
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Quality 78/100
Partisan intensity 35/100
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◉ Centre ✓ Fair headline
The OECD warns that global steel markets are being distorted by subsidised and state-backed production, particularly from China, creating oversupply pressures that harm producers in Europe and other developed economies.
Global steel crisis deepens as oversupply reaches alarming levels, OECD warns
The global steel industry is facing a growing crisis as subsidised production and excess capacity continue to distort markets, according to the OECD. It says state-backed steel production, particularly in China, is increasing pressure on producers in Europe and other OECD economies.
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