Sidor is still operating at 50% capacity

Sidor is still operating at 50% capacity

According to the recent market news, Venezuelan steel producer Siderurgica del Orinoco (Sidor) is still operating at half capacity due to a disagreement with the local union Sutiss. The officials from Sidor express that the company will work at full capacity on the condition that an agreement is signed between the company and the local union. In the middle of October, workers of the company started a go-slow in operations due to unfavorable working conditions and dispute over bonus payments, as previously reported by SteelOrbis.