Archive for October 20th, 2008
Tokyo Steel cuts prices
Tokyo Steel Manufacturing Co., Japan’s biggest maker of steel girders, slashed product prices for next month by record amounts after reductions by Chinese rivals and a decline in iron and steel scrap costs.
The price of hot-rolled coil will drop 26 percent to about 72,000 yen ($705) a metric ton under November contracts, compared with [...]
Posted: October 20th, 2008 under Steel Prices.
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ArcelorMittal plans U.S. Steel cutbacks
The United Steel Workers of America union said Friday that ArcelorMittal, the world’s leading steel maker, will cut back on operations in the United States.
However, statements by the USW and ArcelorMittal appeared to conflict on whether the cutbacks might affect the Cleveland mill.
Reports from the company already indicate that it will trim its steel [...]
Posted: October 20th, 2008 under Steel International, Steel News.
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