Archive for April 22nd, 2008
500 Corus staff face steel job loss
Overcapacity in the European packaging steel market has prompted the Tata group to take a tough call on Corus, which will see a reconfiguration involving more than 500 people.
By July this year, Corus plans to close the operations of Corus Packaging Plus’ Bergen (Norway) unit, which has a capacity of 150,000 tonnes and employs 260 [...]
Posted: April 22nd, 2008 under Steel News.
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Nippon Steel to seek 40 pct price hike
Japan’s largest steel maker Nippon Steel Corp. will seek a 40 percent hike in prices for its mainstay steel products from automakers and other customers due to soaring materials costs, the Nikkei reported on Tuesday, citing company president Shoji Muneoka. Other major steelmakers will likely follow suit, but makers of cars, machinery [...]
Posted: April 22nd, 2008 under Steel News.
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