Overcapacity Risks a ‘Race to the Bottom’ on Steel Prices

Post Views: 422 Steel markets Global Overcapacity Threatens Steel Market Stability Steel markets are bracing for prolonged weakness as overcapacity drives a sustained “race to the bottom” on steel prices. In MEPS’s latest Speaking of Steel podcast, industry experts warned that current production trends in emerging economies will outpace demand for years. Steel analyst Jon Carruthers-Green emphasized, “This is not going away quickly,” predicting long-term challenges unless drastic cuts or plant closures occur. Despite policy measures such as US import tariffs and the EU’s Carbon Border Ad...