Archive for March 5th, 2009
Steelmaker idling Georgetown mill
For the second time since December, the former Georgetown Steel mill is being temporarily shut down because of falling orders. The move is expected to affect about 240 workers.
The plant’s owner, global steelmaking titan Arcelor Mittal, warned when it released earnings last month that it would continue to maintain its 45 percent cut in [...]
Posted: March 5th, 2009 under Steel, Steel International, Steel News.
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German 2009 steel output headed for 16-year low
German steel output is set to fall below 40 million tonnes this year for the first time since 1993, when an economic downswing hammered Europe’s biggest economy, the German Steel Federation said.
The second half of this year could see the start of a slight recovery in the market overall, the federation’s President Hans Juergen Kerkhoff [...]
Posted: March 5th, 2009 under Steel, Steel International, Steel News.
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