Archive for October 27th, 2008
European steelmakers warn of tough times ahead
European steelmakers said Monday they are facing a difficult market climate as demand dries up and rival steel imports from China rise.
Eurofer — an association whose members include ArcelorMittal SA, Corus and ThyssenKrupp AG — said the European steel industry was "entering a period of temporary instability and oversupply" that might only end with a [...]
Posted: October 27th, 2008 under Steel International, Steel News, Steel Prices.
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US Steel cut back production
It is reported that US Steel Canada has begun shutting down its Hamilton blast furnace due to the global financial crisis. It intends to halt primary steelmaking for 6 to 8 weeks while continuing to make coke at full speed. US Steel Canada is in talks with union leaders to reschedule maintenance [...]
Posted: October 27th, 2008 under Steel International, Steel News.
Comments: none