Venezuelan steelmaker Sidor shuts all operations after energy blackout
Guilherme Baida / Platts
Petroleumworld 03 20 2019
Venezuela's largest steelmaker Sidor shut all operations after the country's energy blackout March 8, sources within the mill said Tuesday.
There was no timetable for resumption, the sources said.
When contacted, Sidor did not respond.
The company's steelmaking operations have been offline since August 2018, while other units, including its pellet plant, were operating at reduced levels before the blackout.
The power outage affected most of the country and was the worst in decades, local and international media reported.
Venezuela's steel and iron markets have remained at a standstill as a result of ongoing strikes in basic industry sectors since August, tightening supply and production.
Sidor had planned to have all six electric arc furnaces fully operational in 2018, although sources have questioned whether it will achieve this goal even in 2019.
Sidor has an installed crude steel capacity of 5.1 million mt/year, 2.8 million mt/year of hot-rolled coil capacity, 1.7 million mt/year of cold-rolled coil, 600,000 mt/year of wire rod, 390,000 mt/year of rebar and 280,000 mt/year of tinplate.
We invite you to join us as a sponsor.Circulated Videos, Articles, Opinions and Reports which carry your name and brand are used to target Entrepreneurs through our site, promoting your organization’s services. The opportunity is to insert in our stories pages short attention-grabbing videos, or to publish your own feature stories.
Story by Guilherme Baida from Platts / SPGlobal.
spglobal.com 03 19 2019
Hit your target - Advertise with us
PW 300.000 plus request per week
Copyright© 1999-2019 Petroleumworld or respective author or news agency. All rights reserved.
We welcome the use of Petroleumworld™ (PW) stories by anyone provided it mentions Petroleumworld.com as the source.
Other stories you have to get authorization by its authors. Internet web links to http://www.petroleumworld.com are appreciated.
Petroleumworld welcomes your feedback and comments, share your thoughts on this article, your feedback is important to us!
We invite all our readers to share with us
their views and comments about this article.
Write to firstname.lastname@example.org
By using this link, you agree to allow PW
to publish your comments on our letters page.
Any question or suggestions,
please write to: email@example.com
Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels