Steel
OECD steel meet next week
MUMBAI: OECD Governments are scheduled to meet in Paris next week to explore options for dealing with excess capacity and resulting market distortions affecting the world steel industry. This follows a high-level meeting at the OECD in September, when th e Governments agreed to consult the steel producers in their countries and then return to discuss the outcome of these consultations. As part of the consultation process following the September high-level meeting, the Governments were called upon to eval uate the long-term economic viability of their steel facilities and to identify economic, social and regulatory practices that could hinder the closure of unprofitable production facilities.

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