Ferrosilicon Daily Express 4.1

• Wednesday, April 1, 2020
• Source:ferro-alloys.com

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[Ferro-Alloys.com] Production: In Jan-Feb, China pig iron and crude steel production was 132 million tons and 155 million tons, up by 3.06% and 3.07% YoY respecrively; steel products production was 167 million tons, down by3.39% YoY.

 

Price: China steel price average index was103.34 in Jan-Feb, down by 3.3％ YoY. China steel price index was by February, 28, down by 5.71％ YoY.

 

Income and Profit: In Jan-Feb, revenue of ferrous metal smelting and rolling industry was 821.94 billion yuan, down by year on year and total profit was 12.89 billion yuan, down by 34.4％ year on year.

 

JSW Steel, one of the country's largest private steel companies, has decided to scale down/ suspend production at its units in the wake of the global outbreak of novel Coronavirus (COVID-19). 

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• [Editor:kangmingfei]