04
May
11:33
New Zealand Steel considers pipe plant closure
New Zealand Steel is reportedly considering the closure of its Pipe and Hollows Plant. The company has seen profits shrink on lower prices and the move would focus its output of flat products, Kallanish notes.
The BlueScope subsidiary sent workers and unions a proposal lasts week for the closure of the plant, which produces up to 20,000 tonnes/year of welded pipe and hollow sections. According to union E Tu, the proposal came just after the plant restarted work af…
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Anonymous
Very good overview of the weekly steel market.
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