Archive for December 15th, 2008
Corus: ‘We will quit EU to avoid carbon regime’
Philippe Varin, the chief executive of Corus, is threatening to shift the steelmaker’s European operations to China unless regulations governing carbon emissions are overhauled.
Mr Varin warned that politicians had to help fund new clean-energy technologies or face the prospect of Corus quitting the UK and Europe.
Corus employs around 25,000 workers in the UK [...]
Posted: December 15th, 2008 under Steel, Steel International, Steel News.
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Tata to merge Corus to cut UK costs
(Reuters) - India’s Tata Steel is to merge its British unit Corus, formerly known as British Steel, in a cost-cutting move that could threaten thousands of UK jobs, a British Sunday newspaper reported.
The proposed merger next year would result in the creation of the world’s second biggest steel maker after ArcelorMittal , according to a [...]
Posted: December 15th, 2008 under Steel, Steel News.
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Steel industry would be hurt if US automakers fell
By Steve James
NEW YORK, Dec 12 (Reuters) - The steel industry, already reeling from an economic slowdown that has forced production cutbacks, would suffer a devastating blow if the Big Three U.S. auto companies declared bankruptcy or went out of business altogether, analysts said on Friday.
"If the auto companies go, there will be a cascading [...]
Posted: December 15th, 2008 under Steel, Steel Comment.
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