Steel Strip

The crisis in the financial sector worldwide is now impacting badly on the EU steel market. The tightening of credit lines and a complete breakdown of confidence has stalled all business activity. For the small amount of orders being placed, prices are weakening, despite efforts by the mills to hold them fast. Several domestic steelmakers [...]

The prices for construction steel remain steady in the UK, despite the failure of the steel manufacturers to impose a £60.00 increase according to the Contract Journal.
Steel prices will not drop this year despite a dramatic downturn in demand and falls in raw material costs.
Steel construction specialists are predicting prices will stabilise at current levels [...]

CORUS has reassured workers at its Port Talbot plant there are no plans to axe jobs, after the steel giant confirmed plans to cut steel production by up to 20% over the next three months.
Company spokesman Robert Dangerfield said that, contrary to some reports, the figure was for its entire Western European operations and not [...]

Nissan Motor said Tuesday that it would cut production in Japan, Britain and Spain in response to falling demand around the world as fears of a global economic slowdown prompt consumers to delay car purchases.
Nissan, in which the French automaker Renault holds a 44 percent stake, will cut production by a total 65,000 vehicles at [...]