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Tata cuts steel output at Corus
we are taking appropriate steps to optimise our operations and protect our sound financial position over the next few months, mr varin said .
corus chief expecutive philippe varin said that demand for the raw material had been hit by the consequences of the global financial crisis .
india's tata steel says it is cutting steel output at its corus unit in the uk and the netherlands to cope with a fall in demand .