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Nippon predicts global steel industry may need 2-3 years to recover from the current downturn

Posted on 19 January 2009

From Steelmillsoftheworld.com: Japan’s Nippon Steel believes the global steel industry may need two to three years to recover from the current downturn, its chairman said.

The company does not expect an agreement with Toyota Motor Corp on cutting steel prices until iron ore import deals are completed, Akio Mimura also told reporters….. Full Article: Source


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