Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

Evraz Unit Resumes Output

Evraz said Tuesday that it had resumed operations of its steel and vanadium asset in South Africa, following a shutdown caused by a strike last month.

"Evraz announces the restart of operations at Evraz Highveld Steel and Vanadium, which had been temporarily suspended as a result of an industrial action announced by Evraz Highveld's largest union, NUMSA, at the end of July," the company said in a statement.

The operations at Highveld, which represents less than 1 percent of the company's consolidated core earnings, were suspended after its workers went on strike against the decision to convert a three-shift system to a four-shift system.

Evraz said an agreement was reached to provide certain compensation for employees who would have been financially affected by the implementation of the four-shift system.


Read more