CORUS is to halt most production at its Llanwern plant until at least March next year.
It said production will be run down to about ten percent of its current capacity.
But it could not give a cast iron assurance when full production would return - adding that its aim of returning to full production in March was an aspiration.
The plant’s 800 workers will not be laid off and will work on maintenance, engineering tasks and training during the closure
As reported in the South Wales Argus, full story here.
Demand for steel particularly in the automotive field, has collapsed and further announcements today from Honda and Pirelli about production cuts, continue to add to the misery. Honda are stopping production at their Swindon plant for the whole of February and March. More on this story at the BBC.