Molycop to end steelmaking at Waratah, cut 250 jobs: report
World-leading grinding media manufacturer Molycop will end steelmaking at its site at Waratah, near Newcastle, and make 250 positions redundant, according to a report on Thursday morning. According to The Newcastle Herald, steelmaking would be put on “care and maintenance” in a restructure and the workforce of 540 on site reduced by 250. Molycop, which…