December 03, 2008

Sidor restarts export shipments except slabs

It is reported that Ternium Sidor has resumed exports of some products, following workers decision last week to suspend shipments while awaiting government instructions on the nationalization process.

Nerio Fuentes secretary general of Sutiss told Reuters that "We resumed exports last weekend. We still have to resume exports of flat steel products and we need to check prices.”

As per report, steel slab, one of the it's main products, are not yet leaving the plant on the banks of the Orinoco River.

Steel workers trade union Sutiss argued the suspension was aimed at avoiding any wrongdoing, although they resumed local shipments almost immediately.