Romanian Steel Industry Feels the Pinch of Economic Slowdown

Arcelormittal Hunedoara Nyheter

Romanian Steel Industry Feels the Pinch of Economic Slowdown
Romania,Steel Production,Economic Downturn

ArcelorMittal Hunedoara, a major Romanian steel producer, is reducing production and cutting worker hours due to a lack of orders and economic difficulties.

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 22 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 68%

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 plant is in central Romania's historical Transylvania region, about 300 kilometers east of the Hungarian border. Predictions Mount as Romania Enters 2025 Dutch multinational banking group also downgraded Romania's GDP outlook for 2024 to 1% from 1.3% in late November / early December. The group partly cited the political climate in the region as a result of the East European state's parliamentary elections.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

OilandEnergy /  🏆 34. in SE
 

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Europe must make a choice on the steel industryEurope must make a choice on the steel industryThere is considerable investment into the green transition waiting to be activated, once policy clarity is achieved
Läs mer »

Thyssenkrupp to slash 40% of steel jobs in latest blow to German industryThyssenkrupp to slash 40% of steel jobs in latest blow to German industryDivision to shed 11,000 roles amid oversupply in Europe and rise in cheap China imports
Läs mer »



Render Time: 2025-01-14 09:12:03