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The French" echo" reported on February 15th, in a market decline in demand and prices fell below the double blow, the end of European Iron and steel enterprises suffered heavy losses, despite the temporary closure of nearly 10 factories, but the company full-year profits being substantially erosion. The world's largest iron and steel giant - Ann Siro? The Mittal group announces 14 days, taking into account the first half of the steel market demand is still very weak, will be temporarily closed in the French region of Lorraine two blast furnace the recovery operation time minimal extension to the 6 end, the trade union organizations declared in 9 by the end of not considering to resume production, and even issued a complete closed blast furnace warning. The fourth quarter of last year, Europe's major iron and steel enterprises have suffered enormous losses. Ann Siro? The Mittal group announced a few days ago, in the fourth quarter, the company in the European carbon steel products a business losses amounted to 569000000 euros in high. Germany's largest iron and steel enterprises Thyssen Krupp ( ThyssenKrupp ) fourth quarter of last year's business losses amounted to 357000000 euros, while over the same period in 2010, 273000000 euro profit. Swedish iron and steel enterprise SSAB Corporation fourth quarter of last year's business losses reached 248000000 euros. India's Tata iron and Steel Company ( TataSteel ) in the European market in the fourth quarter loss reached 147000000 euros, but also a profit of 74000000 euros a year earlier |
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Europe stainless steel industry suffered heavy loose in fourth quarter last year |
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