Steel group SIJ liquidating one subsidiary

Ljubljana, 24 March - Steel group SIJ will liquidate its subsidiary SIJ Elektrode Jesenice, Slovenia's largest welding material manufacturer, due to what it described as the situation in global markets, fall in demand and the fact that the company has been operating in the red in recent years.

Headquarters of the steel group SIJ, which has been in Russian ownership since 2007.
Photo: Tamino Petelinšek/STA
File photo

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