Steel Strip

Although we have noted some minor downward corrections for flat products over the last month, market prices are starting to stabilise in most parts of the EU. The import threat from third country suppliers appears to have abated. The domestic mills would like to impose rises for the first quarter 2010 but the success of [...]

I came across this rather enlightening article by Christopher Booker writing at the Telegraph.co.uk
The owners of Corus, Tata, have recently announced the closure of the Redcar steel plant, which will have a devastating effect on the workers and the economy of an already deprived area. Whilst the stated reason for the closure of the plant [...]

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Steelmaker Corus has confirmed it will curtail production at its Teesside Cast Products factory, putting 1,700 people out of work.
It had been announced in May that the 150-year-old Redcar plant was to be mothballed.
The plant had been at risk since a 10-year deal suddenly fell through.
Business Secretary Lord Mandelson expressed his disappointment, saying [...]