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Archive for September 23rd, 2010

Steel workers strike in Germany

German steel workers are striking for three days after pay talks broke down between the IG Metall union and employers.
Thousands of them walked out on Wednesday in the Ruhr Valley, Germany’s industrial heartland.
They want a six percent increase in wages which the employers have called unreasonable.
The steel workers are also opposed to government [...]

Meps latest EU steel prices report

 
Demand continues to remain slow, and the steel producers continue to mumble about price increases:
Strip mill market values in several West European countries slipped during the summer and look as if they may continue to drift for some products. Producers are expected to try for some small improvements over the next few weeks as negotiations [...]