14
Feb
11:09
ISD Dunaferr postpones lay-offs, continues efficiency improvements
ISD Dunaferr has postponed plans to lay off 350 workers after reaching a wage agreement with unions, a company official tells Kallanish.
The Hungarian steelmaker announced the lay-offs last October as a result of the weak performance of the European steel industry. Due to slowing economic growth and falling steel demand, the firm had to postpone a number of strategic development projects in 2019 and curtail production. However, it avoided the plant closu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous