European Steel Association: European steel market is unlikely to rebound significantly before the beginning of 2021
Novel coronavirus pneumonia is expected to be unchanged before the beginning of 2021, according to the European Steel Association's report.
Affected by the epidemic, the shutdown of some industrial enterprises has a negative impact on the European and global economy, and has a huge impact on the steel industry chain. This will have a dramatic impact on steel production in the second and third quarters of this year. Against this background, the steel market is not expected to rebound significantly before the first quarter of 2021.