World steel magnates sound the alarm
Also, Karl Koehler announced – the planned sales of the company in the longer term.
„I think we are on a downward slope here in Europe. The expected demand concerns an apparent consumption in Europe that will increase by 3 or 4%, so, yes, the demand is increasing. In our case, a turn was taken and the signs of the future are that this situation is intensifying”.
Also, he added that the operations to increase sales have kind of closed for the moment. Earlier, the number 2 in European steel production said that talks were held to sell its European operations. Including the furnaces in the North of England and Scotland, to the Geneva-based Klesch Group.
Previously, the World Steel Association estimated, for the month of October, an increase in the steel industry in Europe of 4%, for the year 2014.
(Reporting by Clara Ferreira-Marques in London and Aman Shah in Mumbai; editing by Susan Thomas).
Source: http://finance.yahoo.com/news/tata-steel-europe-boss-says-112845750.html?soc_src=mediacontentsharebuttons
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