Venezuela’s Sidor inaugurates second pellet line

Friday, 21 June 2019 23:55:06 (GMT+3)   |   Sao Paulo

Venezuelan state-run steelmaker Sidor has inaugurated a second pellet line, government-owned TV channel Venezolana de Televisión (VTV) said this week.

The inauguration of the second pellet line, which will have a capacity of 18,000/mt per day, at the plant took place after a one-year halt, VTV said. The government attributed the one-year halt in operations to difficulties to import materials to repair the equipment.

Venezuela faces a steep political and economic crisis, which caused a surge of inflation in the country. Sidor has not produced steel thus far in 2019. The Venezuelan government said it is focused on helping Sidor resume steel production.

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