Friday, December 9, 2011

Thyssen-Krupp: Stainless steel shines no more

STEEL INDUSTRY
The steel giant Thyssen-Krupp Steel shut down its production. The work for this holiday are extended from two to four weeks.

HB DUSSELDORF. Germany's largest steelmaker ThyssenKrupp extended because of the decline in demand for its steel plant shutdown to four weeks. In the stainless works Benrath Dusseldorf, Bochum and Krefeld, stood the tapes two weeks longer than usual silence, a spokesman for ThyssenKrupp Stainless, said on Tuesday.
Salary the employee would have to work because of the holidays from 15 December to 11 January but not without. The halt in production will offset against outstanding holiday and overtime work, the spokesman said. What is the extent of the decline in demand for steel has, he did not want to say with reference to the Group's balance sheet press conference on Friday.