German steel assn sees 2011 output forecast at risk
The group’s outlook so far of German steel production of
45.5 million tonnes remains within reach but is now at risk,
Kerkhoff said, adding that last year’s output of 43.8 million
tonnes would be reached.There are signs that the slowdown will be temporary and can
be overcome in the course of next year, he added.ThyssenKrupp and Salzgitter , Germany’s
biggest steelmakers, have already started curtailing their
production.The industry in Europe is suffering from weaker demand and
destocking by their customers, forcing some to idle blast
furnaces to shore up prices.But the World Steel Association struck an optimistic note on
Wednesday, raising its 2011 and 2012 forecast for global steel
demand, driven by China.
German steel assn sees 2011 output forecast at risk
The group’s outlook so far of German steel production of
45.5 million tonnes remains within reach but is now at risk,
Kerkhoff said, adding that last year’s output of 43.8 million
tonnes would be reached.There are signs that the slowdown will be temporary and can
be overcome in the course of next year, he added.ThyssenKrupp and Salzgitter , Germany’s
biggest steelmakers, have already started curtailing their
production.The industry in Europe is suffering from weaker demand and
destocking by their customers, forcing some to idle blast
furnaces to shore up prices.But the World Steel Association struck an optimistic note on
Wednesday, raising its 2011 and 2012 forecast for global steel
demand, driven by China.
