Many of Europe's leading economies have entered a month-long soft
lockdown this week in response to the resurgence of the second round of
COVID-19 outbreak. Although end-user demand was expected to be hit by the new
blockade, steelmakers in major European countries have yet to be directly
affected.
German, Italian, French, Spanish, and British authorities have all imposed
restrictions at home, but they aimed to minimize economic losses this time as
possible as they can.
Market confidence picked up significantly in June and July but was expected to
slow further in October due to the second wave of the outbreak, said the
European Steel Association (EUROFER).
Source: Yieh