Finland-based special steel manufacturer Ruukki Metals, a part of Rukki Corporation, has announced that it will start adjusting production and costs at its tube mills in Finland due to weakened market conditions.
Accordingly, employer-employee negotiations will begin regarding possible layoffs at the Hämeenlinna, Lappohja, Pulkkila, Oulainen tube mills and Toijala Works producing cold roll-formed steel sections.
"Tube mill orders have fallen and there is overcapacity at the mills. Mill deliveries have decreased particularly to wholesalers and retailers. In these changed market conditions, we must regrettably possibly resort also to layoffs," said Olavi Huhtala, executive vice president of Ruukki Metals.