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PrintWith Germany officially in a recession, ThyssenKrupp said it will extend the Christmas holiday break at its Nirosta’s stainless unit to four weeks.
Nippon Steel will double planned production cuts to over 2-million mt in the six months to Mar. 31, compared with the first half; the company on Oct. 29 announced cuts of 1-million mt. Taiwan’s China Steel plans to cut output by about 10% next year.
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