Europe's Viohalco suspended its steel business

According to foreign media reports, on March 30, viohalco SA announced that several subsidiaries of its steel business in Greece, such as Sidenor SA, Sovel SA, Erlikon SA, Praksys SA and Etil SA, would be temporarily shut down for one month from April 2 to May 3, while its executives would work flexibly. During the above period, the business activities and raw material delivery of these subsidiaries will not be affected.
The company made these decisions due to the continued weak demand in the international steel market and the sharp deterioration of the company's condition caused by the current covid-19.
Viohalco SA (VIO), a Belgian holding company, is one of the leading metalworking companies in Europe. Its subsidiaries are located in many countries in Europe, with annual revenue of 4.19 billion euros (US $4.6 billion) in 2019.