Steel production in developed economies is likely to either stagnate, or decline completely, as the Covid-19 pandemic continues to influence and impact on the global economy, consultancy Roskill steel alloys principal consultant Erik Sardain said on May 5. Speaking in a webinar, he explained that, owing to the humanitarian crisis, more environmental measures could further reduce steel mills’ competitiveness and lead to permanent closures, particularly as stricter environmental regulations and more scrap availability will translate into more electric arc furnaces (EAFs) being built in China.
