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UPDATE 1-Corus says to match output to lower steel demand

06-Oct-2008
Story Timeline:  48 days

By Humeyra Pamuk LONDON, Oct 6 (Reuters) - Europe's second largest steelmaker, Corus, said on Monday there has been a slowdown in steel demand and the company was taking steps to adjust its production to the new situation. "There's clearly been a slowdown in steel demand, which we have noticed in the United Kingdom, in export markets and in Southern Europe," a spokesman for Corus told Reuters. "We are taking the steps to adjust our production to tie in with the... [read full story]                    

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