Evraz Shuts Vitkovice Steel Shop On Price Dispute With Arcelor
30 Giugno 2010 - 2:05PM
Dow Jones News
Russian steel producer Evraz Group SA (EVR.LN) said Wednesday it
has temporarily closed the steel shop at its Czech subsidiary Evraz
Vitkovice Steel from July 1 because of a pricing dispute with
ArcelorMittal's (MT) local subsidiary.
Evraz said the closure "marks the current failure in
negotiations between Evraz Vitkovice Steel and ArcelorMittal
Ostrava over the prices for hot iron" supplied by latter.
Evraz said it "fully proved its commitment for constructive
dialogue and accepted ArcelorMittal Ostrava's pricing formula
proposal as a basis for further negotiations" but the latter
"effectively rejected the proposal" and "officially stated that its
position was unchanged."
Evraz said that the closure of the shop with an annual
steelmaking capacity of 950,000 metric tons will not affect the
plant's rolling production, as slabs will be supplied from
Slovakia, Ukraine, Turkey, as well as Evraz's NTMK plant in
Russia.
All the steel shop workers will be required to remain in their
positions or on standby, so that if agreement with ArcelorMittal
Ostrava is reached, they would be able to start up the steel shop
immediately, Evraz said.
-By Alexander Kolyandr, Dow Jones Newswires; +7 495 232 9192;
Alexander.Kolyandr@dowjones.com
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