Import crisis for grain-oriented electrical steel: thyssenkrupp Electrical Steel extends production cuts at its Isbergues site in France
Germany, March 31 -- The import crisis in the market for grain-oriented electrical steel is continuing to worsen. thyssenkrupp Steel is responding with further production cuts. Following the temporary shutdown of production at the Gelsenkirchen and Isbergues sites by the subsidiary thyssenkrupp Electrical Steel at the turn of the year, and with production in Isbergues running at just 50 per cent of total capacity since January, the site will now be completely closed from June to September. The measure is a further necessary response to an increasingly dramatic import situation. Regardless of the planned production shutdown, the supply to Electrical Steel's customers is guaranteed at all times. The European market for grain-oriented electric...
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