[Ferro-Alloys.com] More than a third of Chinese steel mills are considering cutting steel production due to rising inventories, a shortage of raw materials and weak downstream demand caused by the coronavirus, according to a recent S&P Global Platts outlook survey.

"We have difficulties shipping raw materials from the port to mill. Our raw material inventory is not that sufficient; with some brands it's only 2-3 days, but it is higher for some other brands," a mill procurement official said.

Due to the slow construction work restart, the outlook for domestic rebar margins was particularly bearish. A quarter of them said rebar margins could be "zero to negative" in Q1, with just 12% seeing margins of Yuan 150-Yuan 200/mt.（S&P Global Platts）

• [Editor:kangmingfei]