Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The United Steelworkers (USW) union has raised concerns over indications of Evraz laying off 500 workers at its Regina mill in Saskatchewan, Canada by December due to an almost-empty order book. 

 

Mike Day, president of USW 5890, stated in a media interview that the Regina mill has no order backlog for H2 2020 after it lost a 48-inch pipe contract to another manufacturer. Day also indicated that another Evraz company in the vicinity, Evraz Wasco Pipe Protection, could face a similar situation once its current orders are fulfilled. 

 

The Regina plant has faced operational issues this year with a cyberattack induced shut down in March, spanning several weeks, according to the company’s H1 2020 earnings report.

 

The facility is one of the largest steel mills in Canada and played a role in the group’s 1mn mt steel products output in the first half of 2020. However, it witnessed a decline of 13pc over the prior-year period. 

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