23
Jul
10:26
USSK to lay off 2,500 workers by end-2021
US Steel Kosice (USSK) says it plans to lay off 2,500 workers till the end of 2021 due to increased costs and imports that are reducing the steelmaker’s competitiveness.
The EU has eased measures implemented last year to safeguard the market from imports, permitting a 5% quota increase since 1 July. Imports into the EU have thus reached record highs and are not subject to the bloc’s environmental requirements, USSK observes. “All this resulted …
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Anonymous
Very good overview of the weekly steel market.
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