EU STEELMAKER CLOSURES 03/04: Mills reduce production further on poor demand

European steelmakers have been reducing output and temporarily idling equipment due to the poor demand caused by lockdowns and quarantine measures implemented across Europe intended to prevent the spread of Covid-19.

Of particular importance has been the closure of a large number of automotive manufacturers. Carmakers in Europe and the UK have extended their previously announced production suspensions following the introduction or extension of national lockdown measures.

Swedish steelmaker SSAB plans temporary worker layoffs at its flat steel operations in Finland and Sweden, and consequently a reduction in output. The company plans to begin temporary layoffs at its plant in Finland...


Maria Tanatar

April 03, 2020

14:02 GMT