Despite a quicker-than-expected recovery across certain regions following the economic fallout of the Covid-19 pandemic and expectations of a stronger recovery overall in 2021, a return to pre-coronavirus levels next year is unlikely, delegates attending Fastmarkets' International Ferro-alloys Conference heard.
"In the space of steel and ferro-alloys, if we are able to manage the Covid-19 pandemic effectively from now, we have some scope of some vaccine coming sometime earlier next year or first quarter next year... I believe we will see significant recovery in 2021, even if we may not hit exactly what we did pre-Covid," Thomas Cherian, the managing director of Tata Steel Mining, said on Monday November 9.The news boosted hopes around the world that the pandemic could effectively be brought under control and in turn...