Archive for March 12th, 2009
US flat products imports increased 8% in January
Based on reported import licenses, US flat products imports increased 8% in January to 514,000 short tonnes compared to December actuals of 474,000 tons. Licenses reported up to 17 February reached 347,000 tons, which indicates that full-month imports for February should climb significantly.
Reported at Nerds of Steel, where you can find the full article
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Posted: March 12th, 2009 under Steel, Steel International.
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Toyota cuts working hours and pay
Carmaker Toyota says that staff at its UK factories will have their pay and working hours cut by 10%.
The cuts will take effect on 1 April and will last for one year. They affect 4,500 staff at plants in Burnaston, Derby, and Deeside, Flintshire.
Toyota said the measures would allow the company to "maintain employment [...]
Posted: March 12th, 2009 under Manufacturing News.
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Severstal to cut up to 9,500 jobs in Russia
Severstal,, Russia’s largest steelmaker, said it planned to cut 9,000-9,500 jobs at its Russian steel facilities in response to weak demand, and would also make layoffs at its coal and iron-ore mines.
Russian steel makers joined global rivals in reducing output during the fourth quarter, though they have thus far refrained from significant layoffs because [...]
Posted: March 12th, 2009 under Steel International, Steel News.
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