Iron and Steel Federation Chairman “Severe Situation Without Experience” New Corona Infection Spread March 25 17:30
Regarding the effects of the spread of the new coronavirus on the steel industry, Japan's Iron and Steel Federation Chairman Yoshihisa Kitano said in a press conference, `` It is a severe situation that we have not experienced before, because there is a concern that the shutdown of the manufacturing industry will spread worldwide. "He acknowledged that the situation could have a serious impact on the steel industry.
As the global demand for automobiles is declining due to the spread of the new coronavirus, the impact on the manufacturing industry is expanding, with Toyota and Mazda temporarily suspending operations at some plants in Japan.
In this regard, Chairman Kitano of the Japan Iron and Steel Federation said, "It is very difficult at this time to see what kind of production each automobile will produce. We also need to produce according to the demands of our customers." Steel manufacturers that supply iron to the manufacturers also acknowledged that the need for production adjustments would arise.
He added, `` There is a concern that the outage of the manufacturing industry will spread around the world, and it is a severe situation we have never experienced, '' he said.In some situations, the steel industry could be seriously affected. .