23
Aug
10:23
Aoyu Steel shuts down amid compensation dispute
Aoyu Steel in northern China’s Hebei province has shut down completely following a strike on its premises, according to a notice from 80% owner Delong Holdings. The strike was over compensation to dismissed workers as Delong had already planned to shut the plant and agreed to sell its capacity quota, Kallanish notes.
Aoyu has two 480 cubic metre blast furnaces and two 45-tonne converters with capacity to produce 1.08 million tonnes/year of h…
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Anonymous
Very good overview of the weekly steel market.
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