Highveld Steel & Vanadium Corp, a division of Russia Evraz group in South Africa, has announced a temporary suspension of operations due to difficulties such as delayed debtor payments, cash flow shortages, and difficulty in obtaining financial aid. The company believes these factors have made it unworkable to continue producing iron-making, causing it to cease operations.
Highveld Steel & Vanadium Corp will stop operation
Russia Evraz group's division company in South Africa, Highveld Steel & Vanadium Corp said it will suspend operation temporary.
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