Spanish steel maker Grupo Megasa is starting annual maintenance work, initially scheduled for the summer, at Portuguese long steel producer SN Seixal due to the forced stoppage of production on high energy costs. Megasa stopped operating the SN Seixal and SN Maia plants in Portugal on 5 March 2022. The production shutdown will have no impact on the workforce as most employees have been granted vacation. Rolling lines at the plants continue to operate as the company has enough billets in stock.Megasa has called on the Portuguese government to adopt measures to ensure energy supply. Megasa stated that it may be possible to maintain its operations, which represent exports equivalent to EUR 1 billion per year, with the support of national and European institutions and measures. Megasa has proposed to the Portuguese government the adoption of extraordinary measures for the contracting of energy. These include distributing the energy acquired by the Supplier of Last Resort to producers of the special regime and energy-intensive consumers.The Seixal and Maia operations produce wire rod, rebar and welded mesh.
Spanish steel maker Grupo Megasa is starting annual maintenance work, initially scheduled for the summer, at Portuguese long steel producer SN Seixal due to the forced stoppage of production on high energy costs. Megasa stopped operating the SN Seixal and SN Maia plants in Portugal on 5 March 2022. The production shutdown will have no impact on the workforce as most employees have been granted vacation. Rolling lines at the plants continue to operate as the company has enough billets in stock.Megasa has called on the Portuguese government to adopt measures to ensure energy supply. Megasa stated that it may be possible to maintain its operations, which represent exports equivalent to EUR 1 billion per year, with the support of national and European institutions and measures. Megasa has proposed to the Portuguese government the adoption of extraordinary measures for the contracting of energy. These include distributing the energy acquired by the Supplier of Last Resort to producers of the special regime and energy-intensive consumers.The Seixal and Maia operations produce wire rod, rebar and welded mesh.
