[Ferriera Valsider Declares Force Majeure After Breakdown Halts Italian Steel Production]
Metinvest’s Italian re-roller Ferriera Valsider has declared force majeure after an unexpected breakdown completely halted production at its Vallese di Oppeano plant near Verona, Italian-language steel trade outlet SteelOrbis reported on August 25. Metinvest separately confirmed the suspension in a statement provided to industry media, saying customers, suppliers and other stakeholders had been notified and technical teams were preparing the shortest possible repair plan; no restart timetable was available. The facility has annual capacity of up to 500,000tonnes of HRC and 300,000tonnes of plate and supplies around 3% of EU plate consumption, according to Ferriera Valsider. The company has not disclosed the cause of the breakdown, the equipment affected or the expected production loss.