11
Jun
14:18
Italy's Sertubi faces closure or downsizing
The Italian pipemaker Sertubi, owned by India's Jindal SAW, is facing either closure or significant downsizing, Kallanish learns from sources.
The management of the plant has announced to the workers that the plant is expected to close unless the European authorities agree to find a solution to certain problems in the next ten days. The issues in question relate to Sertubi’s need to market coated pipe produced in Ital…
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Very good overview of the weekly steel market.
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