voestalpine Idles Blast Furnace; Closes Global Sites
“The coronavirus pandemic and its consequences are facing voestalpine with major economic challenges. As a result of massive reductions in capacity and current production shutdowns in the automotive, aerospace, mechanical engineering, and oil and natural gas industries, demand in the key voestalpine customer segments has collapsed in just a few days,” the company said in a statement.
At its site in Linz, Austria, the company is temporarily shutting down a small blast furnace, curtailing pig iron production by 20%. It also has shut sites in Peru, France, Italy, Brazil and the U.S., it said.
voestalpine has more details here.