Aperam is expected to make use of a new Belgian law on temporary layoffs to reduce output further during October and November, Kallanish notes.
At its mill in Genk, the company is reported to be applying for a full closure of one week at the end of October, supported by a new temporary layoff scheme designed for energy-intensive industries.
The mill already reduced output during the summer, extending the usual August closure into September, due to high energy costs and market uncertainty. Output at the mill is expected to resume fully in October, before the week-long stoppage at the end of the month.
Emanuele Norsa Italy