European steel makers cut output amid slowing demand from China

A good review of who cut how much recently and how much they are forecasting that they’ll cut.

AFP via Yahoo

European steel manufacturers have reduced their production levels in 2005 in response to a global slowdown in demand and an increase of production capacity in China, the main export market during the record year of 2004.

One by one last week, Europe’s largest manufacturers announced cuts in production for the third quarter of 2005, following on from reductions in the second quarter.

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