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Turkey ferrous: Tight supply limits downside
Continued supply tightness of ferrous scrap and higher overseas demand for Turkish rebar has limited the immediate-term downside for Turkish imported scrap prices despite a fall in local rebar demand in Turkey this week. |
US plant closures could cut 900,000 auto sales: Analyst
Covid-19-related shutdowns of automotive plants across North America could cost US automakers at least 900,000 vehicle sales this year, reducing steel demand, according to industry estimates. |
Australian coal industry reviews expansion plans
Australia's coal industry is reviewing plans for expansion and sustaining capital expenditure as they attempt to conserve cash amid fears that coal prices will return to a long period of historical lows below those seen in 2015-16. |
World Steel Association: March 2020 crude steel production
The US produced 7.2 Mt of crude steel in March 2020, a decrease of 6.0% compared to March 2019. |
China power generation on the rise after Covid-19 peaks
China's power output increased in the first half of April as many industries resumed operations. |
World Steel Association: Interim steel demand economic statement
The global steel industry is being impacted as our customers are hit by shutdowns. |
MIIT: operation of steel industry in the first quarter of 2020
The steel industry was affected by the virus in the first quarter of 2020. |
Ningxia's industrial power generation saw an increase of 10.7% YoY
In March, Ningxia's industrial power generation was 15.25 billion kwh, an increase of 10.7% year on year. |
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