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Strike at Sidor affecting national steel supply

Thursday, 11 November 2010 00:29:58 (GMT+2)   -  

Tags: Venezuela , South America , production , steel futures | similar articles » SteelOrbis News

A strike at Venezuelan steel manufacturer Siderugica del Orinoco's (Sidor) biggest steel mill over the non-payment of bonuses is affecting the supply of steel this week from Sidor to the national market.

On Monday and Tuesday of this week union workers blocked the entrance to the mill, blocking other workers from entering the factory. Tahidy Leo, a spokeswoman for Sidor, commented that the company did not have an exact figure for how much production was affected.

Sidor has been operating at 75 percent of capacity utilization recently after an electricity crisis in Venezuela earlier in the year forced factories to cut production to save energy.

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