Marcegaglia producing, shipping normally after Ravenna accident

Marcegaglia, a leading steel reroller, is producing and shipping its products normally following a fatal accident at its Ravenna, Italy, plant, company sources said late July 16.

Sources at the Italian company said the accident, which occurred July 15, had involved a worker from an external logistics company.

“The Ravenna plant is operational,” a source said.

Marcegaglia produces around 6.2 million mt steel annually, with Eur5.5 billion ($6.5 billion) annual turnover, at 28 plants worldwide. Ravenna is one of its principal plants, producing hot- and cold-rolled steel coil.

According to local press reports, the worker was hit by a steel coil within the Ravenna works.

Market sources told S&P Global Platts on July 16 that they believed the plant had been shut following the incident. Platts was unable to ascertain if the mill had suffered a temporary break in its activities immediately after the incident.

Platts assessed Northwest European hot-rolled coil stable July 16 at Eur1,166/mt ($1,376.7/mt) ex-works Ruhr.

— Diana Kinch and Amanda Flint