EU STEELMAKER CLOSURES 24/04: More Italian mills return to work, French producer to be mothballed

More Italian steel producers restarted their operations in the week ended Friday April 24, but one French flat steel producer plans to temporarily idle its remaining equipment, Fastmarkets has heard.

European steelmakers have been reducing output and temporarily idling equipment due to the poor demand resulting from lockdown orders and other quarantine measures implemented across the region with the intention of preventing the spread of the Covid-19 pandemic.

Italian long steel producer Alfa Acciai Group resumed production this week following a month of downtime. The steelmaker is currently running at “more or less 20%” of...

Published

Maria Tanatar

April 24, 2020

16:50 GMT

London