The company attributed the closure to weakening demand in Europe and low intake of orders.
Sources said a contingency plan to close the plant permanently from January 2013 was being put in place as it is the most likely of Mechel’s assets to be put up for sale.
The plant’s workforce will be retained without facing redundancies unlike staff at Mechel’s other mill Campia Turzii, Platts also reported.
Website: www.platts.com