Reuters reported that ArcelorMittal has idled three steel mills in Spain and partly closed two others after a two-week truckers strike disrupted supplies of scrap metal, iron ore and equipment. The company was forced to suspend output at its Bergara mill in the Basque Country on 16 March and at its Legasa and Lesaka mills in Navarra on 26 March 26 as a result of the strike. Parts of the mills in Gijon and Aviles, in Asturias, were closed for lack of suppliesThe other plants located in Zaragoza, Bilbao and Sagunto, near Valencia, are operating but reported a lack of raw materials and semi-processed products from the idled plants.ArcelorMittal had already halted output during hours of peak demand, when power prices spike, at its electric-powered steel mills in Spain to curb costs, which it cannot fully pass on to customers.The truck strike in Spain is another blow to an energy-intensive industry that was already hit by high electricity costs that have surged in tandem with gas prices following Russia's invasion of Ukraine. Even though the government made some concessions to truckers last week, the strike continues in several areas of the country.
Reuters reported that ArcelorMittal has idled three steel mills in Spain and partly closed two others after a two-week truckers strike disrupted supplies of scrap metal, iron ore and equipment. The company was forced to suspend output at its Bergara mill in the Basque Country on 16 March and at its Legasa and Lesaka mills in Navarra on 26 March 26 as a result of the strike. Parts of the mills in Gijon and Aviles, in Asturias, were closed for lack of suppliesThe other plants located in Zaragoza, Bilbao and Sagunto, near Valencia, are operating but reported a lack of raw materials and semi-processed products from the idled plants.ArcelorMittal had already halted output during hours of peak demand, when power prices spike, at its electric-powered steel mills in Spain to curb costs, which it cannot fully pass on to customers.The truck strike in Spain is another blow to an energy-intensive industry that was already hit by high electricity costs that have surged in tandem with gas prices following Russia's invasion of Ukraine. Even though the government made some concessions to truckers last week, the strike continues in several areas of the country.
