Via Metal Miner ThyssenKrupp Steel (TKS) recently announced plans to cut up to 11,000 positions. In a blow to the struggling EU steel market, the German steelmaker stated it would also reduce rolled production by an average 23%. “This is the company’s response to the further consolidation of fundamental and structural changes in the European steel market and in key customer and target markets,” the steelmaker said in a November 25 announcement.
“Increasingly, overcapacity and the resulting rise in cheap imports, particularly…European Steel Market Faces Further Consolidation
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