Italian steel producer Ferriera Valsider, part of the Ukrainian metallurgical company Metinvest, announced force majeure after an unexpected breakdown that led to a complete shutdown of production at its Vallese di Oppeano plant near Verona, media reported. Technical specialists are assessing the situation and preparing the necessary repair program. Currently, the company is unable to provide exact dates for the repair work. resuming work.
The production lines are completely остановлены
The incident was described as an extraordinary, sudden and unforeseen breakdown beyond reasonable control. The incident led to an immediate and complete shutdown of the plant's production lines and affected the company's ability to fulfill existing contracts for поставку.
Subsequently, Ferriera Valsider invoked the provision on force majeure, suspending obligations to fulfill the contract for the duration of the failure. The company stated that the duration of the force majeure is currently impossible to determine, but it is expected that they will be significant.
The company did not disclose the nature of the breakdown, the affected equipment, or the expected impact on production volumes. Although one report indicated that the production shutdown could have been related to a major incident at the rolling mill, this has not been officially confirmed.
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