Articole cu tag-ul: crisis, Mechel, steel market

Steel market needs three years to recover

Besides the furnaces, the company’s investment plan includes a further €150-200 mln for building a new coke battery by 2011, provided that the steel market resumes growth. At the end of the first six months of 2009, ArcelorMittal decided at the group level to reduce coke production in order to cut expenses, so it shut ...