Proceedings of the 65th World Foundry Congress
Gyeongju, Korea, 2002
Since the middle of 2000 the condition on world market of steel products has deteriorated for metallurgical plants. The output of steel in several metallurgical companies has decreased to lowest level during the last 20 years. Existence of production capacity excess at steel market has resulted a drop in price index by 23,1 % as compared with 1994. At the end of 2001 in Paris the greatest producers of ferrous metals have agreed to reduce steel and rolled materials production. Russia and Ukraine are ready to reduce the output also. The excess of production capacity in world ferrous metallurgy is about 100 mln. tones. The best solution in this situation is shutdown of ineffective plants.
