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Friday 16 August 2013

Belgium Metals Report Q4 2013:Materials & Chemicals Market Research Reports

Materials & Chemicals Market Research Reports
 
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Belgium Metals Report Q4 2013
Aug 14th 2013, 00:00, by rnrmahesh

Recent calls to introduce subsidies to support the European steel industry have led to suggestions that the Belgian government may move to nationalise Arcelor-Mittal’s steel operations in Liege. Nationalisation may provide support for Belgium’s steel sector which is being hit by flatlining demand from across the eurozone region, including from its main export market, Germany. Falling local demand has been exacerbated by an influx of cheap Chinese steel following increasing production from Chinese steel works during H1 2013 leading to overcapacity. Pessimism surrounding future levels of demand across Europe has led to led to cut-backs being made by a number …

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