Saarstahl, Dillinger cut production on coronavirus pandemic

German steelmakers Saarstahl and Dillinger, both part of Stahl Holding Saar (SHS), have cut production amid the novel coronavirus pandemic, although blast furnace (BF) and coking plant operations will both be maintained, the companies said in a joint statement on Tuesday March 24.

The increasingly tough market situation in Europe, in the wake of the coronavirus outbreak, has forced regional steelmakers to adjust their production accordingly with declining demand.
Fastmarkets’ weekly price assessment for steel sections (medium), domestic, delivered Northern Europe was €600-630 per tonne on Wednesday March 18, unchanged week on week, with demand in Europe weak while buyers were cautious with new bookings due to coronavirus-related concerns.

Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern...

Published

Julia Bolotova

March 24, 2020

17:30 GMT

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