| 06.10.2008 - Steel firms in talks to reduce crude steel output by 20 pct in a bid to support falling prices |
| From Steelmillsoftheworld.com: Four large Chinese steel firms have been in talks to reduce their crude steel output by a total 20 percent, or up to 20 million tonnes, in a bid to cut ore imports and support prices, the official Xinhua agency said late on Friday. Company officials, who met in the steel producing town of Handan, also discussed "improving the flow of information at a high level", Xinhua said in a report posted on its website, without quoting a source...... Full Article: Source |