OECD STEEL COMMITTEE WARNS INDUSTRY FACES LONG-TERM SLUGGISH GROWTH
May 26th, 2015
The global steel industry may be entering a long-term period of sluggish growth, the Organisation for Economic Co-operation & Development’s (OECD) steel committee has concluded at a meeting which wrapped up today (May 12). The two-day committee meeting (May 11-12), staged at the OECD’s Paris headquarters, heard the sector’s near-term outlook will be dampened by reduced world gross domestic product (GDP) growth. Only in the medium-term is there more hope, with lower oil prices and the easing of monetary policy causing a slight improvement in economic ...
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