Nov. 20 (Bloomberg) -- JFE Steel Corp., Japan's second- largest maker of the metal, will deepen planned output cuts this fiscal half by threefold after customers including Toyota Motor Corp. reduced production.
An Oregon steel company says it plans to lay off 130 workers. Kelly Brossart of Evraz Oregon Steel Spiral Pipe Mill says the company is cutting jobs because of an unprecedented drop in demand for steel.
TOKYO, Nov 20 (Reuters) - Japan Steel Works Ltd <5631.T>, a major supplier of components for nuclear reactors, said on Thursday it would spend an additional 30 billion yen ($314 million) to boost output in response to growing demand for its pressure vessels and other critical power generation equipment.
Steel shipments from U.S. service centers plummeted in October, another trickle down casualty of the limping economy. Shipments dropped nearly 23 percent -- 3.6 million tons compared with 4.7 million for the same time last year, according to a report...
