Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

EU Steel Makers Report Large Job Losses
Mar 20, 2009
 Printable format
 Email this Article
 Search

European steel makers said that one in six workers have lost their jobs or are working shorter hours as demand for steel has collapsed.

Eurofer — a group representing ArcelorMittal SA, Corus and ThyssenKrupp AG — said 72,000 jobs or 17 percent of the European Union's 440,000-strong steel work force have been hit by the downturn.

It says it is asking EU governments to increase financing for steel customers — car makers and the construction industry by giving more loans, guarantees, and credit insurance.

Eurofer said steel demand has collapsed since the last three months of 2008, with average orders falling 60%. It says it expects consumption to fall by 30 percent in the first quarter of this year and to keep plunging in the second quarter. Steel prices have halved, it says, and output is down 30% across the industry.

Back to Daily News

 

Daily News

...........................................................

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows