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More pain to come for Europe's wounded steelmakers

Even after years of cutbacks, plant closings, Europe still makes more steel than it needs 
Monday, April 18, 2016 - 05:50

ArcelorMittal, which produced a combined 92.5 million tonnes of steel from mills in the Americas, Europe, Africa and Asia last year, posted a net loss for four straight years, including US$7.9 billion in 2015.


THE fate of some huge blast furnaces in the Belgian city of Liege a few years ago may offer clues to where the rest of Europe's beleaguered steel-making industry is headed - more doom and gloom. Known for its bike race and meatballs, Liege was home to a steel mill owned by

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