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18 Jan
13:27

Usiminas, CSN to mothball blast furnaces, unions

Brazil’s largest flat steelmaker Usinas Siderúrgicas de Minas Gerais (Usiminas) has confirmed its intention to shut down the meltshop at its Cubatao mill in Sao Paulo state, Kallanish learns from local union sources. The steelmaker is expected to continue rolling, sources in the industry reveal. The shutdown process is expected to result in the dismissal of 2,000 direct workers and approximately 2,000 contractors. The measure will be compl…
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