Russia Evraz group's division company in South Africa, Highveld Steel & Vanadium Corp said it will suspend operation temporary.

The company mentions that in this environment of steel demand decreasing and steel price decreasing, the company has encountered many difficulties, such us postpone the debtor's payment, cash flow shortage, hard to get the financial aid and can't pay the debtor on time, it's unworkable for continue producing.

Hence, they decided to stop the iron-making at this moment.