Archive for March 2nd, 2009
EU AVERAGE CARBON STEEL PRICES - LATEST FORECASTS FROM MEPS
Latest MEPS report
With the economic crisis deepening, we forecast a further steel price reduction for the flat products sector in the short term. Customers are expected to continue de-stocking as demand during the first half of 2009 is likely to remain low. This could be exacerbated by potential problems with bank borrowings, delayed payments and [...]
Posted: March 2nd, 2009 under Steel International, Steel Prices.
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Factory downturn ‘accelerating
The downturn in UK manufacturing has accelerated and could lead to 140,000 job cuts in the sector this year, according to a survey.
Engineering and manufacturing body the EEF, which surveyed 782 firms, said production and orders had hit record lows in the first two months of 2009.
The group forecast that manufacturing output would fall [...]
Posted: March 2nd, 2009 under Manufacturing News.
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