Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

ArcelorMittal halts Bosnia steel output as Zenica plant workers strike

Published 19/05/2020, 12:03
Updated 19/05/2020, 12:05
© Reuters. FILE PHOTO: General view of the interior of ArcelorMittal steel factory in Zenica

SARAJEVO (Reuters) - ArcelorMittal (AS:MT) halted production at its steel mill in the central Bosnian town of Zenica after workers there went on strike in solidarity with colleagues furloughed over the coronavirus crisis, the company and unions said on Tuesday.

The steelmaker employs around 1,400 workers at the plant, union representative Zuhdija Kapetanovic said.

Dijana Bozic Srdanovic, spokeswoman for the plant, said only its coking unit was currently operating.

Steel end-users including automakers shut down operations in March when Bosnia imposed a lockdown in response to the epidemic, which has caused more than 2,300 infections and led to 134 deaths in the country.

The world's largest steelmaker said in July it planned to slash output and jobs at the Omarska iron ore mines that supply the Zenica plant, but subsequently postponed those plans.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.