2nd Steel Plate Conference Europe

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Wolfgang Eder urges steelmakers to cut capacity to handle the industry problems.

The Head of the World Steel Association and Austrian steel group Voestalpine highlighted that recent acceleration of trade defence measures in the EU could give a relief for some time, but it would not solve the problems of the European steel industry, which has been suffering from overcapacity and significant price pressure since the financial crisis of 2008. He believes that the only solution is the reorganization of the industry through business adjustments and site closures. “We must have the courage to close sites and adjust capacities. Otherwise, we will never solve our problems... This often agonizingly long process of dying of companies does not make sense…,” Eder told Handelsblatt.

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International distributor Liberty House is making a step forward to achieve its aim to create an integrated and sustainable steel business in the UK.Liberty has delivered the first batch of slabs of 1,500 t from the British Steel plant at Scunthorpe to the Scottish plate mill located at Dalzell. This action is in line with the company’s plans to restart plate production in mid-September at Dalzell and Clydebridge (400,000 t of plates annually each) mothballed in October 2015 and acquired from Tata Steel in March 2016.In early June Liberty formed a new management team to re-start plate production at both mills which is part of the company’s strategy. “We said we would revive this historic steelworks and that is exactly what we are doing,” Sanjeev Gupta, Executive Chairman of Liberty House Group said in the press release sent to Metal Expert.

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As expected, plate has moved up in Eastern Europe this month in line with global steel prices. Market players expect new gains shortly and believe the uptrend will stick until summer.

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