Archive for October 23rd, 2009
Nucor sees weak steel demand continuing in Q4
Following our previous posting of the Eurofer report on steel demand outlook, we spotted this story from the US.
U.S. steelmaker Nucor Corp. (NUE.N) said on Thursday, demand from service centers improved somewhat along with output in the third quarter, but it did not see increased end use demand, and operating rates could fall in [...]
Posted: October 23rd, 2009 under Steel News.
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EU steel market stuck in slow motion
Eurofer, the European Confederation of Iron and Steel Industries have put out a press release on Economic and Steel Market Outlook 2009-2011
EUROFER director general Gordon Moffat comments: “While the economy probably reached a turning point, the EU steel market will remain stuck in slow motion for the time being”.
Prospects for the EU’s steel using [...]
Posted: October 23rd, 2009 under Steel, Steel Comment, Steel International.
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Steel giant bid to break even despite losses
Stainless steel giant Outokumpu is continuing to aim to break even by the end of the year, despite pre-tax losses of €81 million (£73 million) for the third quarter of the year.
The Finnish company, which has major operations in Sheffield, where stainless steel was invented 86 years ago, says uncertainty in markets has continued and [...]
Posted: October 23rd, 2009 under Steel News.
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