Photographer: Simon Dawson/Bloomberg

There's More Pain to Come for Europe's Wounded Steelmakers

Updated on
  • Slump leaves 30% of EU capacity unused on record China exports
  • Industry group expects more furnaces to close as losses mount

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.

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