22
Mar
10:21
Celsa prepares for temporary layoffs but production continues
Spanish-headquartered longs supplier, Celsa, has announced to its trade unions its intention to launch a temporary layoff scheme for part of the workforce, Kallanish learns from market sources.
The company is expected to use the scheme to reduce output, but its furnaces and production lines in the group’s main mill, near Barcelona, will continue to operate. Unions note that the biggest issue is the supply of scrap for the EAFs, which is expected to be reduce…
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Anonymous
Very good overview of the weekly steel market.
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