Metinvest halts production operation in Italy, slab output may be affected

Wednesday, 01 April 2020 16:25:12 (GMT+3)   |   Istanbul
       

Ukraine-headquartered global steel producer Metinvest Group has decided to temporarily suspend rolling operations at its assets based in Italy, as a measure to curb the spread of the coronavirus. According to the company statement, Ferriera Valsider and Metinvest Trametal will be shut down until April 3. The company also considers it possible that the Italian government may implement some additional restrictions, which could result in a longer suspension period for the mentioned facilities.

Partly in this regard, Metinvest expects a certain decrease of output at its Ukraine-based integrated plants, Azovstal in particular, where slab production could be affected. In addition, Metinvest may reconsider the timelines for the launch of blast furnaces No. 4 at Ilyich SW and Azovstal after heavy repairs, while the restart of BF No. 5 at Zaporizhstal may also be postponed. The final decision will be made according to the availability of orders in April and the general market situation, SteelOrbis understands.


Most Recent Related Articles

Ukraine’s crude and finished steel outputs decline in May

Ukraine's Zaporizhstal restarts its BF No. 5

Ukraine’s semi-finished steel exports down 6.9 percent in April

Russia’s NLMK to start heavy slab production in June

Metinvest reallocates pig iron to boost finished steel output in Q1