"There's clearly been a slowdown in steel demand, which we have noticed in the United Kingdom, in export markets and in Southern Europe," a Corus spokesman said. "We are taking steps to adjust our production to tie in with the new demand realities and to maintain a low level of stocks."
The company, owned by India's Tata Steel, now produces more than 20 million tonnes of crude steel a year.
A collapse in steel prices, producers and traders de-stocking instead of buying new material and a gloomy demand outlook have helped force steelmakers across Europe to cut production.
A Plant Rat works in the plant, factory, refinery, or processing facility. Somehow we learn to navigate the maze. Here we can exchange information, ideas and questions to help us improve the manufacturing process. We must reduce variation and standardize our work to produce the best quality possible.
Monday, October 27, 2008
Inventory Reduction
I know that my company is tightening its belt to conserve cash and reduce costs. Everyone, even households, will try and live off of existing inventory for as slong as possible.
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