23
Feb
13:29
Acerinox accumulates losses as workers' strike continues
Spain-headquartered stainless steel producer Acerinox is losing almost 1,200 tonnes/day of production since its workers at the Cadiz unit declared an indefinite strike on 5 February, Kallanish notes.
Financial losses are estimated to have exceeded €3 million ($3.2m) over the last three weeks.
"The plant is completely stopped and no material is produced or sold with only 40 people doing maintenance tasks,” according to the company’s council …
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Anonymous
Very good overview of the weekly steel market.
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