STEELMAKER KREMIKOVTSI OUTPUT DOWN WITH 15%

Business | October 3, 2001, Wednesday // 00:00

`The Bulgarian metallurgical plant Kremikovtzi will reduce its output with 15%,`sources from the company announced. The unfavorable situation in the international markets prompted that move. Lay offs are to be expected, too. The recent launch of new facilities worldwide led to over-supply of base metals. The prices of these metals have been steadily dropping since January, 2001. The terrorist assaults in the United States strongly affected the base metal market.

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