16
Jun
01:00
Liepajas Metalurgs faces power, gas cuts, awaits scrap price decline
Latvian rebar producer KVV Liepajas Metalurgs (KVVLM) could be soon deprived of electricity and gas if it fails to pay bills to suppliers Latvenergo and Latvijas Gaze, the company tells Kallanish. The electric arc furnace-based steelmaker is trying to delay payment until the future direction of the scrap market becomes clear.
Last month KVVLM idled its recently-restarted 1.3 million tonnes/year EAF meltshop owing to electricity costs that made production unc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous