24
Jun
13:29
Kuwait mills cut production over power restrictions
Steel mills in Kuwait have reduced working hours to one shift out of three due to a sudden breakdown at a major power station. Repairs have begun, but the wait for supply of spare parts may extend the power supply disruption to industry until September.
The government has asked power-hungry industry sectors, including steel, to reduce power consumption during peak hours in the middle of the day, Kallanish notes.
"The regulation is not due to excessive p…
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Very good overview of the weekly steel market.
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