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Tata Steel hit by global drop in demand

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THE challenges facing Tata Steel were put in the spotlight in a Sunday Times report on the industry. Rising energy costs, competition from China and a lack of demand from the construction industry were all highlighted as problems affecting the steel sector. The report revealed that global demand for steel has slumped by 30 per cent since 2007. And it says that with demand below expectations, there is over-capacity at Tata – and claims the Scunthorpe works is operating well below its...

Tata Steel hit by global drop in demand


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