A report by the electronic news service, Steel Business Briefing, indicates that Ellwood Steel Belgium will reduce its output from the current 150,000 t/y to 100,000 t/y and cut its workforce by more than 10% due to the weak market situation since the beginning of the year and to the unfavorable Euro/dollar exchange rate.
The company operates an EAF in Seraing, Belgium, and produces ingots and blooms for export to North American, South Africa, and other European countries. Customers include forging companies and rolling mills. Final markets served include railroad equipment, heavy material, and the oil industry.
Ellwood Steel Belgium is part of the Ellwood Group, with headquarters in Ellwood, PA. The group specializes in steel for forgings.
