ITALY FERROUS SCRAP: Market activity close to zero after virus lockdown

Activity in the Italian ferrous scrap market has almost vanished due to the country’s lockdown to deal with the outbreak of 2019-nCoV coronavirus, sources told Fastmarkets on Friday March 13.

On March 11, Italian Prime Minister Giuseppe Conte signed a decree tightening the country’s lockdown from the conditions set out in a previous decree on March 9. While there were no explicit measures to restrict or stop steel production, some mills made the decision to shut down their facilities anyway.

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Maria Tanatar

March 13, 2020

18:35 GMT