Archive for September 18th, 2009
Rautaruukki CEO Says Steelmakers Face Slow Recovery From Slump
Sept. 18 (Bloomberg) — Steelmakers face a slow recovery from the worst slump in demand since World War II as industry struggles to get funding for capital investment, according to Rautaruukki Oyj Chief Executive Officer Sakari Tamminen.
“The freefall has stopped and demand has leveled off at pretty low levels compared to where we were,” [...]
Posted: September 18th, 2009 under Steel, Steel Comment, Steel Prices.
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Steel workers to vote on action
Thousands of workers at Corus are to be balloted on industrial action over the steel group’s plans to close its final salary pension scheme to new entrants.
Leaders of the Community, Unite and GMB unions decided at a meeting in London to oppose the proposed changes.
They said in a statement: "Corus should be fully aware [...]
Posted: September 18th, 2009 under Steel Comment, Steel News.
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