Metinvest has suspended operation at two of its Italian plants due to the COVID-19 pandemic and the demands of the government.
In particular, Ferriera Valsider and Metinvest Trametal will be shut down until April 3.
In case the suspension of operation continues, Metinvest is expecting a decrease of output at its Ukrainian assets as well, mostly at Azovstal. The group could completely suspend slabs manufacture there.
Moreover, Azovstal blast furnace No. 3 could be shut down, and the launch of repaired blast furnaces No. 4 at Mariupol Ilyich Iron and Steel Works and No. 4 at Azovstal could be rescheduled from April to May. (Ukrainian metal)