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Sidenor's Sombre Shuttering & Strategic Shift
Spanish steelmaker Sidenor is closing a rolling mill in the Basque Country. The company cites weak demand and falling orders as reasons. It will move production to another plant in Cantabria and transfer 36 workers. Unions criticize the move, fearing it leads to the site's complete closure. The decision shows how European steel firms struggle with high costs and slow markets.
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