Business
EVRAZ suspends operations at Claymont mill
EVRAZ suspends operations at Claymont mill.
About this update from Evraz Plc
[{"type":"text","content":"\n \nRNS Number : 4578Q Evraz Plc 14 October 2013 \n \n\nEVRAZ Suspends Operations at Claymont Mill\n \nChicago, 14 October 2013 - EVRAZ North America announces that due to subdued market demand and the high volume of imports, it will suspend operations at its steel mill in Claymont, Delaware. Over the next two months, about 375 employees will complete processing and shipping of existing products and prepare the mill for idling. EVRAZ will consider restarting the operations as soon as the market conditions improve.\n \nEVRAZ doesn't expect any adverse financial effect on its operations in North America as a result of this action, and customers of the Claymont mill will be served by other EVRAZ facilities in Portland, Oregon, and Regina, Saskatchewan.\n \n\"We appreciate our employees' efforts to operate EVRAZ Claymont as efficiently as possible,\" said John Zanieski, Executive Vice President - Flat Products and Recycling. \"Unfortunately, market conditions continue to be challenging and low market visibility makes it difficult to foresee when positive changes will occur.\" \n \nAll of the mill's employees, with the exception of a small crew who will remain to maintain the site, have been issued Worker Adjustment and Retraining Notification (WARN).\n \nWith the help of Governor Markell's office, the company is evaluating options for resuming operations at the Claymont mill. \"We value the support we have received from the Governor, the state of Delaware and the community of Claymont over the years and appreciate their continued support during this challenging time,\" stated Zanieski.\n \nEVRAZ Claymont makes steel plate and custom plate products for industrial customers. Total production volumes in H1 2013 and for the whole of 2012 were 171.5 thousand metric tonnes and 348 thousand metric tonnes, respectively.\n###\n \nFor further information:\n \nMedia Relations: \nVsevolod Sementsov\nVP, Corporate Communications\nLondon: +44 207 832 8998 Moscow: +7 495 937 6871\[email protected]\n \nInvestor Relations:\nSergey Belyakov\nDirector, Investor Relations\nLondon: +44 207 832 8990 Moscow: +7 495 232 1370\[email protected]...