The Crisis In Ukraine Is Weighing On European Steel Markets

Two steelmakers in Ukraine have placed their plants in conservation mode. This comes after the country’s invasion by Russian armed forces in the early hours of Feb. 24. Metinvest Holding announced that it would suspend operations for seven days throughout its hot end at the Azovstal plant as well as at the plant’s coke shop. Azovstal’s plate mill as well as rail and structural mills will also stop operations. The group will also halt production at Ilyich Iron and Steel Works’ sinter plant, the hot ends as well as Mills 1700…