Mechel, one of the leading Russian mining and metals companies, reports temporary halting of production at Donetsk Electrometallurgical Plant (DEMZ) and at the group’s Romanian steelmaking facilities that are part of Mechel’s Eastern European Steel Division, in both cases due to unfavourable conditions on markets of raw materials and finished steel products, a press release informs. The decision was made in order to cut costs and synchronize production with market demands. The decision was partly helped by the fact that Romanian plants have already completed their production plans for the year. Rolling production at Mechel Targoviste will also be temporarily suspended starting November 27 once production plans are met, and starting December 15, rolling and hardware production is planned to be temporarily halted at Ductil Steel Buzau, Laminorul Braila and Mechel Campia Turzii. While production at these steelmaking facilities is temporarily suspended, all necessary measures will be undertaken to retain the affected facilities’ operational capability and to conduct maintenance works in winter. All employees involved in those works will be paid their full salary.
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