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Article: INDUSTRY'S FUTURE DEPENDS ON HOW IT CONTROLS COSTS
- Article from:
- Post-Tribune (IN)
- Article date:
- November 1, 2008
- Author:
CopyrightCopyright 2008, 2009, Post-Tribune. All rights reserved. REPRODUCTION PROHIBITED. (Hide copyright information)
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ArcelorMittal workers in France and Belgium said Thursday the company has told them it would stop steel output at some plants this winter as demand drops. The steelmaker declined to confirm it would temporarily halt output but said it was "taking prudent and responsible steps to adapt supply to demand in the light of present market conditions."
It said it will provide details when it reports third-quarter earnings on Nov. 5.
CHICAGO -- The wild price swings in steel this year have pushed the steel industry further into the modern age.
Last week marked the start of the first steel futures trading in New York, where buyers and sellers can enter into contracts on the future price of hot rolled ...