Tata Steel Europe will cut its steel output in the UK and the Netherlands to address the reduced flat steel demand in Europe, the company said on Thursday March 19.
Widespread operational stoppages among EU car manufacturers have affected the demand for flat steel, and increasingly more steelmakers are either stopping or cutting their output."To date, the effect of these changes on its steelmaking hubs in IJmuiden [in the Netherlands] and Port Talbot [in the UK]...