Corus expects to cut steel production

  • Tuesday, October 14, 2008
  • Source:

  • Keywords:steel production
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Corus intends to adjust the steel production in line with the decreasing demand.
 
According to Corus spokesman, they are taking steps to correct the production to in accordance with the new slowing demand realities and keep a low level of stocks.
 
Moreover, there is a collapse in steel prices due to the gloomy demand market, and Corus will have 15 percent cutback in production in an attempt to maintain prices.
 
 
 
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