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Video – Steelmakers forge survival plan

As a global recession hits just about every industry, steelmakers too have felt the brunt, logging dramatic declines in demand.

Output for steel globally sank nearly 25 percent in January alone, with North America posting a more than 50 percent decline. Still analysts say the steel industry may be positioned to survive a recession.

Diane King reports.

  SPEAKER: Michelle Applebaum, Managing Director, Steel Market Intelligence; Michael Locker, president, Locker Associates