12
Oct
07:38
Electricity cost forces Spain`s Sidenor to reduce production
The sharp rise of electricity costs has pushed Spanish special steelmaker Sidenor temporarily to reduce its output, Kallanish learns from the company. The steelmaker will stop activities for a total of 20 days, or 30% of scheduled productive days, between 11 October and 1 January. The measure will directly and immediately affect the 1,600 workers at the Basauri plant, but Sidenor warns that it will also progressively impact the rest of its plants.
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Anonymous
Very good overview of the weekly steel market.
Anonymous