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Slow steel recovery predicted

By Mark Watts
Published: Thursday, 08 October 2009

Corus warns European steel demand will not recover to pre-crisis levels until 2014

European steel demand will not recover to pre-crisis levels until 2014, an executive at UK-based steel maker Corus Group predicted.

 

Kees Gerretse, Corus director of supplies and transport, warned that capacity restarts recently announced by European steelmakers have more to do with restocking than with underlying...

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