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2 Italian stainless steel plants decide to shut down to prevent COVID-19 epidemic

18 Mar 2020 14:01 reported by Mia Wang Gray

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According to the impact of the COVID-19 epidemic in the world, especially in Italy, there were more and more steel mills in Italy decided to temporarily shut down their mill to prevent virus expansion.

By the news from the market, Cogne Acciai Speciali, one of the stainless long steel providers, decided to shut down the mill from March 16th to June 23rd; and Acciai Speciali Terni, another stainless long steelmaker, also announced to shut down from March 16th, and the resume date was not sure yet.

As the current inventory seemed sufficient, the market believed the supply would not face a challenge in the short-term.

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