Thursday, October 16, 2008

US steel pressworkers anticipating severe downturn

In their October report, the PMA (Precision Metalforming Association) expect a severe deterioration in business during the next quarter.

Over two thirds of the members expect a steep drop on incoming orders and 30 percent already have some staff on short time.

The general economic climate and a downturn in the automotive industry is blamed for the situation.

Read the full story at

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