Flat steel producer ArcelorMittal Italia, however, will continue operations despite the new decree, the company told Fastmarkets on March 23.
Italian authorities were ordered to close all non-essential production from March 23 to April 3. The decision was made after a jump in the death toll from Covid-19, the disease caused by the coronavirus.
Market sources said that the majority of steel companies still operating in the market will shut down their activities by March 25.
“Steel production is considered...