ferro-alloys.com:Steel firms ponder yield cut in the midst of repressed interest

The global Coronavirus outbreak is likely to rein in the rally in Indian domestic steel prices.

Iron ore miner NMDC has slashed prices of lump ore and fines by Rs 50 per tonne.

Up to 50 percent of Vietnam’s logistics firms estimate they will see revenue cut in half this year compared to 2019 because of the COVID-19 pandemic.

ferro-alloys.com:Reserve exports to gush on the back of iron ore

[Ferro-Alloys.com] South African mining production increased by 7.5% year-on-year in January, Statistics South Africa’s data shows. This was the biggest year-on-year rise in mining output since November 2017 when production increased by 7.8%.

[Ferro-Alloys.com] Australia’s resource and energy export earnings are forecast to hit a record of $299 billion in 2019–2020 despite the impact of the coronavirus outbreak.

[Ferro-Alloys.com] South32 is reviewing the continuity of the Australian manganese alloy smelter, which could see their divestment, closure or suspension.