Belgium's NLMK La Louviere declares force majeure after fire

Belgian flat steel re-roller NLMK La Louviere has declared force majeure after a fire at its rolling mill, sources told Fastmarkets on Wednesday July 21.

The fire at La Louviere's hot-rolling mill occurred on July 17. It was extinguished within about 30 minutes and there were no injures, according to a company spokesperson.
"The equipment installed during the [recent] modernization of the mill was not affected. It will take about one week to repair the mill," the spokesperson said.

The fire and the pause in production at NLMK La...

Immediate trigger for crash was new Fed Chairman pick

Gold stocks slump on metal price decline

Is the gold market starting to turn 'irrationally exuberant'?

Gold stocks explode up as equity markets languish

Gold stocks outpace flat large caps