Archive for December 11th, 2008
European Steel Market Chaos- MEPS report
Meps are reporting on the dire situation in the European steel market
We are witnessing unprecedented steel market conditions. As mill order books collapsed, the steel makers were left with substantial amounts of part and fully-finished products. Consequently, there have been very few forward orders and most deals in the last two months have been supplied [...]
Posted: December 11th, 2008 under Steel Comment, Steel International, Steel News, Steel Prices.
Comments: 1
Corus workers ‘agree 10% pay cut
Workers at steelmaker Corus are reported to have offered to take a 10% pay cut to preserve their jobs.
Three unions representing about 25,000 staff have come up with the proposal to accept less cash for six months, according to the Financial Times.
But fears remain that the Llanwern site in Newport, south Wales, will close [...]
Posted: December 11th, 2008 under Steel, Steel News, steel strip.
Comments: none