Italy’s coronavirus lockdown slows steel trading but production 'not affected,' sources say

The recent extension of the 2019-nCoV coronavirus quarantine area to all of Italy has resulted in trading activity falling to nearly zero and has caused some minor disruptions to deliveries, sources told Fastmarkets on Tuesday March 10.

But production has not been affected by the tougher measures, market participants said.
On March 9, Italian authorities ordered a lockdown of whole country in an attempt to control the outbreak of the 2019-nCoV coronavirus.
While the lockdown will not have any effect on the output of steel products, it has already resulted in a significant slowdown in business activity, market sources said.

According to the regulations currently in place, goods are permitted to enter or leave areas under lockdown by road as long...

Published

Maria Tanatar

March 10, 2020

18:43 GMT

London