Archive for February 17th, 2010
MEPS Steel Price Review
First quarter flat product business is virtually finished now and spot prices for stripmill products have moved up in many instances. They are expected to rise further in period two if the mills’ initiatives prove successful. Most producers have not quantified their proposals so far. Although stocks are low throughout the supply chain, end-user consumption [...]
Posted: February 17th, 2010 under Steel Prices.
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Corus Teeside closure to go ahead with 1,600 job losses
The Teesside Cast Products Plant (TCP) run by Corus, which is owned by Indian conglomerate Tata, will finally be mothballed on Friday - three weeks after the Redcar site was initially planned to shut down.
Local Labour MP Vera Baird said the rising price of steel could give the town’s major employer a future, and [...]
Posted: February 17th, 2010 under Manufacturing News, Steel, Steel International, Steel News.
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