Archive for January 21st, 2009
MEPS forecasting a continuing steel downturn
The speed of collapse in steel demand throughout the world surprised the producers, consumers, distributors and analysts, including MEPS researchers. In our last issue, we did predict a slowdown in the rate of growth in production which had been reported for the first eight months of 2008. However, the quarter on quarter reduction in the [...]
Posted: January 21st, 2009 under Steel, Steel Comment, Steel News.
Comments: 1
The current state of UK steel and manufacturing
Well, the last quarter of 2008 was a shock to manufacturing and the steel industry, as the global financial crisis and resulting economic downturn started to hit home.
The first half of 2008 had seen high steel demand, rapidly rising prices and shortages. Many pundits were forecasting more of the same for the foreseeable future, without [...]
Posted: January 21st, 2009 under Steel, Steel Comment, steel strip.
Comments: 1