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19 Jun
18:52

US Steel to trim capacity in weak market

US Steel plans to make near-term capacity cuts to deal with lacklustre market conditions, Kallanish learns from the company’s second-quarter guidance. “In response to current market conditions, we are taking actions aligned with our strategy by adjusting our global blast furnace footprint,” the company says. “We are idling two blast furnaces in the United States and one blast furnace in Europe to better align our global production with ou…
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