Sentences with phrase «steel glut»

Despite a strong rally in the broader stock market, shares of the steelmaker have bounced around in 2017 on worries over steel prices and a global steel glut.

It recently approved construction of two new steel plants despite a world - wide steel glut.

Despite what officials described as a warm meeting, China and the European Union could not agree on a broader final communique meant to focus on a range of other issues discussed at the talks, including a commitment to free trade and measures needed to reduce a global steel glut.

Not exact matches

Trump has invoked a 1962 trade law to erect protections for U.S. steel and aluminum producers on national security grounds, amid a worldwide glut of both metals that is largely blamed on excess production in China.

The Trump administration is concerned that a glut of Chinese steel will be dumped into countries that have an exemption, then squeeze into the U.S. market.

Plunging demand and a worsening glut in production capacity have left Bohai Steel struggling to repay as much as $ 30 billion in debt.

Global steel markets are bracing for a spike in input costs against a slowing in demand that could pressure margins and push prices lower amid a glut in overall supply.

But Chinese steel production didn't slow down in response — creating a glut of steel in the global marketplace that lowered prices and threatened steel mills across the globe.

A glut of Russian metal put the local steel mill out of business.

But with the huge glut of steel on the market, caused in great part by a flood of cheap Chinese exports, it's become much harder to make money, especially at less technologically advanced facilities such as Port Talbot, Orhan says.

Overcapacity has led to a glut of steel that's taken a toll on just about every steel company's income statement.

Last year, Chinese power output growth was the slowest since 1998 while steel production growth was also the weakest in more than three decades, aggravating a coal supply glut.