23
Dec
09:12
Megasa stops production over Christmas on costlier electricity
Spanish steelmaker Megasa has stopped operation at both electric arc furnace-based plants in Naron and Zaragosa due to high energy prices. The company already communicated its decision to the workers’ council last Friday and implemented it at the beginning of this week.
Kallanish understands the production shutdown should remain in place until 7 January and it should have no impact on the workforce for now.
While most employees are already on vacation afte…
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Anonymous
Very good overview of the weekly steel market.
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