Steel Strip

The axe is set to fall on about a quarter of the workforce at Sheppey’s biggest employer.
Up to 80 jobs are to go at Sheerness Steel Mill, which is owned by Thamesteel.
A formal statement from the mill, which employs around 400 people, is expected later this week.
Tom Butler, chairman of the union Community which represents [...]

Steel giant Corus has revealed that it is not taking in any scrap at present and the situation looks unlikely to change until the first quarter of 2009 at the earliest.
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Technorati Tags: Corus,Steel Scrap

The British division of Wagon, the car parts company, became the latest high-profile victim of the crisis gripping the global motor industry when it was put into administration yesterday.
The move puts 500 jobs at risk and there will be immediate cuts at the group’s headquarters in Birmingham. However, Zolfe Cooper, the administrators, said that [...]

Swedish specialty steel maker SSAB  said on Monday it would cut 1,300 staff as part of a programme to save at least 1 billion Swedish crowns ($122 million) in annual costs.
The company, which last month warned that demand had dropped suddenly, said the programme would cost 550 million crowns, with much of the financial impact [...]

The UK arm of leading European car parts business, Wagon Automotive, looks likely to go into administration.
A last-minute bank refinancing deal to tide it over the next few months is understood to have fallen through.
Birmingham-based Wagon Automotive employs 500 workers in the West Midlands and supplies parts to Ford, Honda, General Motors and Nissan. [...]

Steel will become the latest industry to seek state support from ministers as Gordon Brown is on Monday lobbied for millions of pounds of state aid by Corus, one of the UK’s largest employers.
Philippe Varin, chief executive of the Anglo-Dutch steel group – owned by India’s Tata Steel – is one of several business [...]

ISC is pleased to announce details of the International Rolling Mill Academy - Advanced Control. This event is to be held in the Montrose Room (R2.15), Royal College Building, University of Strathclyde, 204 George Street, Glasgow on 2-6 March 2009. It builds on the success of ten prior courses. These meetings were held at various [...]

 
Dutch news agency ANP reported on that TATA Corus has applied for Dutch government financial aid to temporarily reduce the work hours of 4,600 workers to cope with the global economic slowdown. As per report, under the terms of the government support, if approved, Corus workers in the Netherlands would be paid [...]