Wednesday, March 30, 2016

Steel in Europe

It is not just China that is cutting back on steel production. Demand is down worldwide and Tata Steel says it may sell off its U.K. steel operations. According to this morning’s CNNMoney story on steel production, steel plants have been closing across Europe, and “European officials say as many as 40,000 steel jobs have been lost in recent years,” the result of Chinese steel producers selling steel at a loss.

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