Steel Output Could Fall By 10%

Global steel output could fall by at least 10% in 2009, Steel Business Briefing reports. If production does turn down by this amount it would be the biggest year-on-year drop in output for more than 60 years.

Analysts also say it could be 2011 at the earliest, but possibly as late as 2013 before steel output returns to 2007 or the first half 2008 levels.