Steel Strip

From a number of sources including Wirtschaftsvereinigung Stahl  (the German Steel industry Association )we have learned that year on year production in January fell by 36%.
Even more worrying orders received are down by 46%.
This would appear to reflect the situation around Europe, as activity in the automotive and construction industries remain stalled.
Technorati Tags: steel industry,German [...]

ThyssenKrupp AG, Germany’s largest steelmaker, are expected to announce  first-quarter profit down by 69 percent as demand for the metal slumped at the fastest rate since World War II.
Net income dropped to 135 million euros ($174 million) in the three months through December from 435 million euros a year earlier, according to the median [...]

Nissan is to cut 20,000 jobs worldwide, 8.5% of its workforce, over the next year because of a sharp fall in sales.
The Japanese carmaker made the announcement as it said it expected to make a loss of 265bn yen ($2.9bn; £2bn) for its current financial year.
Nissan chief executive Carlos Ghosn said the the firm’s [...]