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Steel Industry News - February 2009

EU Steel prices nearing the bottom but further decreases likely

Mon 23 Feb 2009

Market sentiment remains depressed. The slightly more positive attitude witnessed at the start of 2009 has evaporated a month later. Producers failed to achieve the first quarter price rises they had hoped for, due to continuing weak demand and a lack...

EU Steel prices bottoming out - Upturn expected in the spring

Wed 18 Feb 2009

Many steelmakers and manufacturing companies took much longer breaks than usual over the Christmas/New Year holiday period because of the current economic downturn. Indeed, as we conducted our January research, several firms had still not reopened....

Tata Steel expects better Q4 sales; Corus may save £600 mn

Mon 16 Feb 2009

KOLKATA: Tata Steel said on Friday it expects higher sales volume in the domestic market in the quarter ending March even as the world's sixth largest steelmaker targets to save about £600 million this year from production cuts at its UK subsidiary...