|
|
|
| NEWS |
|
|
|
| Welcome to Wanjoo Metals |
HOME > CUSTOMER CENTER > NEWS |
|
|
|
|
| TITLE |
Steel industry buckles under financial crisis |
| WRITER |
administrator |
DATE |
2008-10-13 14:11:21 |
|
|
|
Steel industry buckles under financial crisis
Poland A.M. 2008-10-10,
The financial crisis is hitting companies investing in the construction market, automotive companies and numerous other steel producers
Steel mills, which had an excellent period recently, are cutting production to stop the reduction in prices. "We shall witness a plague of repairs in the steel mills. By limiting production, companies will try to avoid a sharp drop in prices of steel products," said Andrzej Ciepiela, director of the Polish Union of Steel Distributors (PUDS).
This is confirmed by Andrzej Krzyszta쿽wski, spokesperson of ArcelorMittal Poland, who admitted that the firm will cut production and, in line with previous plans, will shut down the furnace in Krak�w and speed up repair of a furnace in Katowice. "This will last until Q2 2009. We hope that the situation will stabilized by that time," said Andrzej Krzyszta쿽wski.
|
|
|
|
|
|
|
| [ L I S T ] |
|
|
|
|
|
|
|
|
|
|
|
|
WanJoo Metals All rights reserved. |
|
TEL : +82-2-585-2581, 2571, FAX : +82-2-585-2587, 8799 |
|
FL.2 DaedeokPlaza Bldg, 206, Geumgok-Dong, Bundang-Gu, Seongnam-Si, Gyeonggi-Do 463-480, Korea |
|
|
|
|
|
|
|
|
|
|
|
|
