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Detail Koleksi
ArtikelAn Inferno of Unprofitability; Steel  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 8843 no. 407 (Jul. 2013), halaman 57.
Topik: International; Steel Industry; Industrywide Conditions
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE19
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
    Lihat Detail Induk
Isi artikel Steelmaking scrapes by on microscopic margins that make even airlines look like paragons of profitability. This is most apparent in Europe, whose steelmakers are the most beleaguered. Yet China, where the industry is booming--it has enjoyed almost all of the global production growth in the past decade--faces many of the same problems. The most pressing concern is an old one: overcapacity. China's continuing economic growth offers the prospect of its excess capacity eventually being used up, if the central government can somehow restrain local authorities' zeal for new plants. Europe's outlook is gloomier. Its firms face an unwelcome choice between abrupt closures and death by a thousand cuts. Although the world still needs plenty of steel it doesn't need as much as steelmakers are able to supply.
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