Overview

• Laminated steel production at the Santa Fe plant will pause from Friday until Monday under the existing suspension schedule.
• The stoppage applies only to Villa Constitución for now, though the company says it may extend suspensions to other Argentine facilities.
• Management attributes the move to a domestic demand slump and increased steel imports, with particular pressure from China.
• Affected workers receive 75% of pay through December under an agreement that also includes voluntary retirement options.
• Output fell from about 1.2 million tonnes in 2023 to 600,000 in 2024, and union leaders report nearly 500 jobs lost since 2024 with additional suspensions underway.