Archive for October 19th, 2009
MSCI News - Steel inventories inch higher in U.S. and Canada
With steel shipments from metals service centers slowly rising, inventories of the metal, in decline since early last year, rose slightly in the United States and Canada, the Metals Activity Report from the Metals Service Center Institute shows. Shipments of aluminum products also rose slightly, but inventories of the light metal continued to decline in [...]
Posted: October 19th, 2009 under Manufacturing News, Steel, Steel International, Steel News, steel strip.
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Message from Corus boss to workers
WORKERS at Teesside’s threatened steel plant will have to raise their game if they are to avoid the axe.
In an interview with the BBC Balasubramanian Muthuraman, managing director of Tata Steel in India and the overall boss of the Corus steel plant in Redcar, warned staff that costs will have to be further reduced [...]
Posted: October 19th, 2009 under Steel, Steel International.
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ThyssenKrupp CEO sees thousands more job cuts
Reuters report that ThyssenKrupp will shed as many as 20,000 jobs in it’s current financial year in response to the current economic slump.
Read full story at Reuters
Technorati Tags: Steel Industry,Germany,ThyssenKrupp
Posted: October 19th, 2009 under Manufacturing News, Steel, Steel International, Steel News.
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