UK Steel comment on OECD steel meeting

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Commenting on the outcome of the OECD’s meeting in Brussels on the steel crisis today, Gareth Stace, Director of UK Steel, said:

“What we needed to see at today’s meeting was an agreement by national governments to take short term, detailed actions to help address the steel sector crisis. However, having agreed what the problems are we appear to be no closer to finding international action to put in place solutions.

“Governments must be prepared to come together to take rapid and decisive action to ensure we have a level playing field on which to compete fairly or, they may face the prospect of seeing their steel sectors wither on the vine and die.

“This is a global problem which requires a global solution to remove current over-capacity and time is a luxury we don’t have. In Europe we have already been through very painful restructuring and must now look to others, including China, to take the same radical action.”

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