Romanian Steel Industry Feels the Pinch of Economic Slowdown

Via Metal Miner   Difficult market conditions have prompted Romanian steel industry leader ArcelorMittal Hunedoara to reduce production until year’s end. According to a notice provided to the Bucharest Stock Exchange, the longs producer’s board of directors decided to reduce production from December 9-31 and pay 75% of salaries to employees impacted by the steps. The December 6 notice also cited the “economic difficulties faced by the company due to the lack of orders and implicitly of the production volume, as well as a…