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Global Steel Output Has Dropped By At Least Ten Percentage Points In 09 Years.
According to the British Finance The Times reported on December 29th that many steel producers in the world have slashed production because of the sudden reduction of orders in the 9-10 months of this year, such as construction, automobiles and white goods.
Analysts predict that the output of global steel enterprises will decline by at least 10% in 2009, the largest decline in the past 60 years. The steel industry is suffering financial crisis One of the hardest hit industries has seen many steel group shares drop 2/3 since mid 2008.
Editor: vivi
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- In The 09 Year, World Steel Output Decreased By At Least 10%.