10
Nov
13:15
ArcelorMittal’s Spanish longs unit eyes job cuts: sources
The long products unit of ArcelorMittal in Spain, mainly concentrated in the northern city of Gijon, has come under intense scrutiny due to the need to cut costs further, Kallanish learns from local sources and trade unions.
The local management of the group is having a series of meetings with trade unions to agree a workforce cut at the wire rod and rail units, in order to reduce the potential risk of closure.
Sources in the market say that if the company decide…
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Anonymous
Very good overview of the weekly steel market.
Anonymous