Swiss Steel's Production and Sales Decline in 2024

Via Metal Miner Specialty and stainless longs producer Swiss Steel recently reached an agreement on a plan to reduce the workforce at its production site in Lucerne Canton, in central Switzerland. The move represents another blow to the European steel industry, which continues to struggle. The Lucerne-headquartered company now plans to reduce up to 50 positions at its Emmenbrücke works by Q2 of this year. The original plan was to reduce up to 80 workers at once, though the company eventually reduced this number by one-third. “Measures…