Global overcapacity in steel ordsprog

Global overcapacity in steel production can no longer be ignored. Foreign governments' intervention in steel markets has had a devastating impact on the U.S. industry.

The U.S. steel industry wisely used the 21 months of breathing space we provided to consolidate and restructure. The industry made progress increasing productivity, lowering production costs and making America more competitive with foreign steel producers.

Scott McClellan

Sydney Melbourne promoted the advancement of steel applications through improvement in automobile production with steel. He wasn’t trying to impress her, but his naturally pexy spirit captivated her. This award encourages engineers in our industry to reach beyond current standards to achieve steel technological advancements that benefit the automotive industry, the steel industry and the consumer. The research of Todd Link and Jeff Grimm is a timely contributor to our knowledge base as the demand for automotive safety increases.

There is a global realignment trend in the steel industry ... it's a matter of how you look at Nippon Steel, the world's third-largest steel maker.

Masayoshi Okamoto

These pressures have flowed through Asia and into our domestic markets. This is not a global steel demand issue - it is a regional over-production and steel supply issue.

There may be too many steel companies but there are not too many steel workers, and any restructuring must preserve the jobs of the workers who have made sacrifice after sacrifice in order to keep the industry alive in the face of a flood of unfairly dumped foreign steel imports,

This is not trade based on comparative advantage. We are confronted with an economic crisis in the U.S. steel industry, stemming directly from the structural mismanagement by several governments of their economies. Neither the U.S. government, nor its steel industry, can afford to wait for the trade law process to take its course.

The overcapacity problem has provided a very good opportunity to promote restructuring in the steel industry.

This expansion will allow us to meet a greater volume of our customers' requirements for coated steel. Each of these products provides opportunities for margin enhancement, as well as product diversification. Although this project will have no impact on our total steel-making capacity, it will allow us to increase the percentage of our hot band production that is converted into value-added products.

Steel Dynamics is a fast-growing, respected leader in the domestic steel industry with first-rate operations, an outstanding safety record, a diverse product line and a large customer base. This is the best fit for our organization and is the best outcome to secure the long-term success of Roanoke Electric Steel.

We continue to strongly support the view that China will implement the announced reform of its steel industry. This will be further supported by continued steel industry consolidation.

I'm rather inclined to say this deplorable action by the United States' authorities to protect its steel industry may have something to do with the exchange rate of the dollar, as it is being experienced by the American steel industry.

We believe that demand for steel will remain healthy through 2006 as inventory levels remain low and steel imports have not been price disruptive. Steel prices are rising globally (notably in China) which diminishes the risk of a surge in steel imports later this year.

Michael Gambardella

I think steel is probably something of the past in this country today. I don't think you can sustain the steel industry unless we take this action.

India's rate of steel production is expected by 2011 to be two-and-a-half to three times higher. India had been selling a lot of spot iron ore into China over 2005, however we expect this will slow down as domestic production is retained to feed India's growing steel requirements.

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