The numbers of cases of Covid-19 infection have begun to grow once more across Europe, and Fastmarkets has heard the fears of various market participants about the consequences that any new restrictions or lockdowns could have for the steel sector.
Earlier this year, when the Covid-19 pandemic first took hold across Europe, many countries brought in strict nationwide lockdowns, which had the effects of halting or reducing steel production, curtailing construction projects and closing automotive plants."In our country," an Italian mill source said, "there are fewer cases than in France, Spain and the UK. If there is a lockdown, the general feeling among companies is that the government would not halt industrial production [as it did in...