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Nippon Steel steps up output cuts as demand slides

Nippon Steel Corp (5401.T), the world's second-biggest steelmaker, said on Friday that it would double its planned output cuts for the October-March period in response to slowing demand for Japanese cars and machines.

13 Mart 2009 Cuma 11 : 29

JSW Steel gets coal reserves for West Bengal project Steel manufacturer JSW Bengal Steel has been allotted three reserves in West Bengal to source coal for its 10-million-tonne steel plant project at Salboni in the state, a top official said here Saturday.	Joint venture iron ore mine in Australia still open, Sinosteel Channar iron ore mine, Sinosteel's overseas joint venture project with Rio Tinto in Australia, is in constant operation, China's metal giant announced here on Friday denying rumors the mine has been shut down following massive losses.	U.S. Steel idling three U.S. plants, focusing production at other facilities PITTSBURGH — United States Steel Corp. (NYSE:X) is "temporarily" idling three U.S. plants, affecting 3,500 workers, due to "market conditions and their impact on customers' orders."	Brazilian miner Vale cuts 1,300 jobs on falling iron ore demand SAO PAULO, Brazil - Vale, the world's largest iron ore producer, has cut 2.1 percent of its work force because of slumping global demand for the raw ingredient used to make steel, the company confirmed
Nippon Steel steps up output cuts as demand slides Nippon Steel Corp (5401.T), the world's second-biggest steelmaker, said on Friday that it would double its planned output cuts for the October-March period in response to slowing demand for Japanese cars and machines.	Vale Expects Rebound In China Demand Brazilian iron ore producer thinks Chinese economy has stopped slowing and is increasing spending.	Aluminium at lowest price for five years ALUMINIUM PRICES dropped to their lowest level for more than five years	MMK Says Not Buying Mechel Coal Mechel, majority-owned by billionaire Igor Zyuzin, halted deliveries of coking coal to Magnitogorsk Iron & Steel
Nippon Steel, Posco Will Cooperate on Ore and Coal Contracts Nippon Steel Corp., the world’s second- largest steelmaker, said it will cooperate with South Korea’s Posco in talks with suppliers over iron ore and coking coal contract prices for this year.	Atlas ships second load of ore Atlas Iron’s second commercial shipment of iron ore will set sail for a large Chinese steel mill.	Rio Tinto iron ore output dips on lower demand MELBOURNE: Global miner Rio Tinto reported one of its biggest quarterly falls in iron ore output yesterday after demand from Chinese steel mills slumped late last year, but sales met its own reduced target.	AK Steel chief to chair industry board AK Steel Corp. president, chairman and CEO Jim Wainscott has been elected as chairman of the American Iron and Steel Institute.
Iron And Steel Iron ore shipping milestone fails to budge Fortescue's share price Fortescue Metals Group, the big new iron ore miner in the Pilbara region of Western Australia, reached its milestone of shipping out its 15 millionth tonne of iron ore from Port Hedland.	Xstrata cuts ferrochrome output Xstrata, the world’s biggest producer of ferrochrome, will suspend six of its furnaces in an attempt to prop up the price of the alloy used to make stainless steel.	Third World Steel Association Sustainability Report 2008 published A new report released today by the World Steel Association (worldsteel) outlines the challenges faced by the industry, reaffirms its commitment to sustainable development and presents the industry’s progress.	Tatas may complete Chhattisgarh land acquisition by year-end Raipur, Sep 26 (IANS) Indian steel major Tata Steel is likely to complete by the year-end land acquisition for a 5 million tonnes per annum integrated steel plant in the central India state of Chhattisgarh as about 80 percent acquisition is already over, top government officials said here Friday.”