Switzerland has added guidance on sanctions against Russian steel

The country clarified which documents will be considered as proof of the country of origin

Swiss Steel reduced sales by 19% y/y in the first half of 2023

The company's sales revenue decreased by 13.4% year-on-year

Benteler Steel/Tube will close its pipe plant in Switzerland by the end of 2023

One of the reasons was the unfavorable market situation

Switzerland will allocate ₣100 million for the urgent restoration of Ukraine’s energy sector

The funds will be directed to mitigating the consequences of winter for the population of Ukraine

Switzerland’s Stahl Gerlafingen to reduced working hours

Due to the increase in electricity tariffs, the steel plant will reduce the working hours of employees