Big beasts of global steel industry rush to invest in developing economies

摘要

The big beasts of the global steel industry are in the grip of a frantic race to invest in high-growth zones such as India, China, Latin America and Eastern Europe, a strategy that may see them having to cut their own overcapacity in the future. In the space of only a few days, the world's two top players - the Netherlands-based Mittal Steel and European firm Arcelor - each announced colossal multi-million-euro investment projects.