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Antonio Marcegaglia: “not an easy period as a consequence of the downsizing of international trade”

"We are going through a difficult period because automotive, appliances and mechanics sectors in general are slowing down, also as a consequence of the downsizing of international trade" commented the Chairman and CEO Antonio Marcegaglia on the side of the annual Federacciai meeting, held in Milan on October 14, about the current situation that the Italian steel industry is going through, stalling between the United Kingdom's exit from the EU and American duties on European products, which also affect steel sector.
The conference showed, in fact, that what impacts the sector is above all the unfair competition and the slowdown of the automotive sector, which represents the 14% of national steel production.
Antonio Marcegaglia on Rainews 24

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