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COVID-19 Impact.pdf

637213490018956525_COVID 19 Steel 01042020.pdf
Preview of COVID-19 Impact
🔗 Source: news.industriall-europe.eu
📊 Size: 995 KB
👤 Author: AHusen
⬇️ Downloads: 75

Summary

The European steel sector has been heavily impacted by the Covid-19 pandemic, with plant shutdowns across Europe, a sharp decline in orders, and a 10.3% decrease in steel production in the second half of 2019. China, however, has increased its steel production by 3% in the first two months of 2020, leading to an increase in world steel production and allowing China to assert itself as the predominant source of steel in global markets. European steel production has fallen by 9% in the first two months of 2020, with countries such as Germany, Spain, and Poland experiencing significant declines, while others like Finland and France have seen a slight increase. Multiple plant shutdowns have been announced in March 2020, with companies like ArcelorMittal and U S Steel reducing or stopping production due to the pandemic.

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Description

The European steel sector has been heavily impacted by the Covid-19 pandemic, with plant shutdowns across Europe, a sharp decline in orders, and a 10.3%...

Technical Information

  • File Format: PDF
  • File Size: 995 KB
  • Pages: 12
  • Language: EN
  • Author: AHusen
  • Total Downloads: 75
  • Last Updated: 2 weeks ago

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