11
May
12:11
Oil price plunge negatively impacting US steel industry
Collateral damage in terms of layoffs at steel-related companies due to the plunge in oil prices less than one year ago continues to pile up, Kallanish reports.
Data compiled by the outplacement firm Challenger, Gray & Christmas show that between 1 January and 26 April there were 87 layoff announcements, totalling 68,280 jobs cut due to crude oil prices. The total includes 26 announcements made by companies categorized as “industrial…
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Anonymous
Very good overview of the weekly steel market.
Anonymous