Oversupply concerns weigh heavily on the steel sector in China as some 80 million metric tons of fresh capacity will hit the market this year amid dwindling demand due to the COVID-19 epidemic, an industry expert said.

The 2010 ferrosilicon contract price on ZCE closed at 5730 yuan per ton on August 17.

Nickel ore market weekly comment(August 10th-August 14th): The prices of Laterite-Nickel ore rose up in this week

Ferronickel market weekly comment(August 10th-August 14th) The price of high grade ferronickel price went up in this week

Electrolytic nickel market weekly comment(August 10th-August 14th) LME nickel price dropped down in general , the electrolytic nickel price was not stable

LME nickel price trend on August 13th

During the covid-19 epidemic, the export growth of steel and iron ore was significantly higher than that of automobile.

Information from the RBA's capex survey and the bank's liaison programme indicate that investment is expected to increase slightly over the year ahead as work on iron ore and coal projects increase.