Archive for November 4th, 2008
More production cuts by major global steel companies
Reuters are reporting details of more steel makers cutting back on production, including Baosteel, Evraz, Nippo, Severstal and Tata.
Whilst the European steel manufacturers have been known to cut production to protect prices on a number of previous occasions, we have never seen the global industry react on this scale.
In truth, orders for steel have collapsed [...]
Posted: November 4th, 2008 under Steel International, Steel News.
Comments: none