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Iron ore imports rose 20% year-on-year in April
In the first four months of this year, China imported 360 million tons of iron ore, an increase of 5.4 percent over the same period last year, with an average import price of 631.1 yuan per ton, an increase of 10 percent In March, China imported 85.91 million tons of iron ore ,’s iron ore i...Read more -
World Steel Association: Impact of the epidemic on the raw material market for steel production
Iron and steel raw materials, such as iron ore, metallurgical coal and iron-containing waste, are the world’s largest commodities in terms of production, consumption and transport. In recent years, steelmakers around the world have reduced production as demand for construction, machinery, c...Read more -
Weak of end demand caused European steel orders fell
European steelmakers will face a 75 percent reduction in new orders as a result of measures to combat new-crowned pneumonia, the European Iron and Steel Association (eurofer) said. At present, Europe’s steel downstream demand is unusually low, auto companies have stopped production to almos...Read more -
Citi: Iron ore prices will fall to $70 in the coming weeks
Citigroup cut its iron ore price estimate in a study on Tuesday that could hit $70 a tonne in May as weaker steel demand puts pressure on prices, according to foreign news Friday. Citigroup said it expected a surplus of more than 80 million tons in the second half of the year and a shortage of 17...Read more -
Global steel production is down 12.9% this year and China is down 5.6%
Hyundai Iron (hyundai steel), a South Korean steel producer, reported in its first-quarter earnings report that World Steel Dynamics (wsd) forecast that global crude steel production would fall by 12.9 per cent in 2020 from 1.873 billion tons in 2019 to 1.632 billion tons as a result of reduced e...Read more -
Manufacturing in U.S. construction is weak, steel demand is being tested
According to the Census Bureau and the Department of Housing and Urban Development on April 16, the number of private housing starts in the United States in March, although up 1.4 percent from the same period last year, fell 22.3 percent from a month earlier, the biggest month-on-month decline si...Read more -
Summary of Market Analysis of Sinosteel of 04/24,2020
Steel mills this month issued a May order policy, prices mainly to fall, among which the cold-line decline is relatively large. And the plate yield space is relatively good, become the only support steel factory price stable products. In addition, this month the steel plant subsidy policy increas...Read more -
Steel production outside China has fallen the most in a decade
Global steel production outside China has fallen the most since the financial crisis, as factories in Europe and the United States have been shut down due to the novel coronavirus disease Steel production fell 11 percent to 68 million tonnes, the highest decline since 2009, according to the Worl...Read more -
BHP’s first-quarter iron ore production rose 6.3% year-on-year to sustain fiscal 2020 output
Australian iron ore producer BHP released its first quarter of 2020 production and sales report, producing a record 68 million tons of iron ore as of march 31(the third quarter of fiscal year 2020), up 6.3 percent from 64 million tons in the same period last year, but it did not reach the 69.2 mi...Read more -
Inida’s steel demand is expected to fall 7.7% by 2020
According to Reuters, India’s steel demand is expected to fall as low as many as a year in 2020 as a result of a slowdown in the construction, car and rail sectors that will combat the epidemic through a prolonged blockade. A report by the Indian Iron and Steel Association (isa), which repr...Read more -
Britain’s massive infrastructure budget supports steel industry
The UK government released its 2020 budget document on March 11, announcing that total investment in infrastructure and construction projects will exceed £600bn by 2024-2025. According to official policy documents, the UK plans to provide £640 billion in total capital investment for UK roads, rai...Read more -
Developed countries’s manufacturing industry will be better at the second quarter
The epidemic has hit economies hard and the manufacturing chain is in urgent need of a rebound. The epidemic has spread so far, with the emergence of social panic around the world, making the already very fragile national economic system more depressed. Panic around the world has increased from t...Read more