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Steelmakers face another year of pain even as prices steady
2016-02-03 23:43:14| Steel - Topix.net
LONDON, Feb 3 Global steelmakers face another year of pain with more capacity closures and job losses expected, even as steel prices start to stabilise thanks to painful production cuts, depleted stockpiles and rising trade barriers. Capacity closures and bankruptcies picked up across the globe last year and top producers like ArcelorMittal and Nippon Steel slashed earnings forecasts as prices ST-CRU-IDX lost a third of their value, sliding to 12-year lows.
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Category:Materials