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27 Mar
09:57

Pandemic hampers Austrian steel deliveries, but operations continue

Austrian steel market participants say the local industry can continue operating amid the difficult climate after analysts forecast the country to go into recession as a result of the Covid-19 spread. Erste bank said last week it expects the Austrian economy to shrink, as the strict measures imposed in many countries will weigh on exports and investment. Domestic restrictions to contain the virus will meanwhile dampen consumer spending. The bank forecasts a G…
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