Saturday, November 12, 2011

U.S. Steel Serbia to cut production on weak outlook

WASHINGTON (Commoditynewswordl): U.S. Steel Serbia, hot rolled, cold rolled and tin plate producer in southeast Europe decided to cut their production capacity to 1.2 million tons by shutting down blast furnaces.

This decision was made due to the global crisis on steel market.

Besides, the government of Serbia has tried to reduce various environmental charges against the company  to resolve the issue. Yieh Corp reported.

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