According to SMM, affected by the spread of the new coronavirus (2019 nCoV) in Italy. Europe recycled aluminum producer Raffmetal ceased production from March 16th to 22nd.
It is reported that the company produces about 250,000 tons of recycled aluminum alloy ingots each year, most of which are 226 aluminum alloy ingots (common European brands, which can be used for delivery of LME aluminum alloy ingots).
During the downtime, Raffmetal will continue to deliver goods which orders have already completed, but the purchase schedule of all scrap and raw materials will be suspended. And It is known that the Silicon raw material is imported from China.