HAMILTON —
The Hamilton-based steelmaker says it shipped about 625,000 net tons of steel in the fourth quarter of 2021, below its guidance for between 675,000 and 680,000 net tons.
The latest COVID-19 variant has fuelled a massive spike in cases and caused labour shortages as sick workers have been forced to stay home.
The company added that shipments for the first quarter of this year will be at or potentially lower than those in the fourth quarter.
It says the lower guidance for the first quarter is due to planned outages that have been advanced as well as softer prices, weaker demand and increased COVID-19 related disruptions.
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