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Mon 12 Dec 2008Steel production to decline by 10% in 2009, say analysts

THE STEEL business faces reduced production in 2009 of at least 10 per cent, analysts say.

This would be the biggest year-on-year fall for more than 60 years. Moreover, according to the gloomiest projections, it could be at least four years before output returns to the production levels of 2007.

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