Archive for October 10th, 2008
More cuts expected in Steelmaking capacity
Russian steelmaker Severstal said on Friday it will cut output at its steel plants in October as a result of slower demand for steel products due to recent changes in global economic conditions.The company said in a statement that it will cut crude steel output at its Cherepovets plant in Russia by approximately 25 percent, [...]
Posted: October 10th, 2008 under Steel International, Steel News.
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Latest Steel prices forecast from MEPS
North America
Transaction values for all flat products are forecast to decline again this month. Deteriorating economic conditions are likely to cause demand from many end-user segments to weaken further. The addition of the normal winter slowdown could result in extremely low mill order books by the end of the year. Consequently, local producers will, almost [...]
Posted: October 10th, 2008 under Steel International, Steel Prices.
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