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RHI Adapts European Plant Structure

Since 2010, steel output within the European Union, with a volume of approximately 170 Mt, has been roughly 20 % below the level of 2007. For this reason, the Duisburg plant in Germany will be closed this year. The Duisburg site currently employs 122 people and primarily produces magnesia-carbon bricks for the steel industry. A social plan and a reconciliation of interests will be developed in close coordination with the workers’ council in the following weeks. In addition to these costs, a write-down of assets of roughly EUR 6 million and restoration costs of roughly EUR 10 million will be incurred in the context of the plant closure, which will affect cash flow in the coming years. (5/2013)


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