Activity in the Italian ferrous scrap market has almost vanished due to the country's lockdown to deal with the outbreak of 2019-nCoV coronavirus, sources told Fastmarkets on Friday March 13.
On March 11, Italian Prime Minister Giuseppe Conte signed a decree tightening the country's lockdown from the conditions set out in a previous decree on March 9. While there were no explicit measures to restrict or stop steel production, some mills made the decision to shut down their facilities anyway.Four long steel producers - Alfa Acciai and...