Recently, European market demand for steel products has been very low, and energy prices are very high. Cheap steel from Asia, Africa, and the Middle East keeps flowing into the EU steel market. Under this situation, CMC Poland decided to cut production of its plants in Zawiercza and Dąbrowa Górnicza.

Back on October 3, 2024, the company announced a reduction in production and layoffs due to low demand, high supply, and electricity prices. These factors forced the company to optimize production processes and reduce staff.

Inflation, high interest rates, and low investment in Poland and the EU also caused this decision. Employees of the company’s rolling mills, finished goods warehouses, and mesh production plants would be made redundant.

The company’s future plans were not revealed. In FY2023/2024 (ended in August), CMC Poland reduced steel shipments by 28.5% year on year to 1.23 million short tons.