29
Aug
11:23
Ferriere Nord idles production on high energy costs
Ferriere Nord, a subsidiary of long steel producer Pittini, has requested access to a temporary layoff scheme for over 750 workers at its plant in Osoppo near Udine, northern Italy, Kallanish learns from union sources.
The layoffs are starting this week and should last until 2 October. For the next two weeks, both the hot and cold areas at Osoppo will be idled. Informed sources say this will help address the issue of overcapacity for long products. The layoff requ…
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Anonymous
Very good overview of the weekly steel market.
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