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Korean Steelmakers Hit by Double Whammy — Demand Cliff and Cost Surge
[Ferro-Alloys.com] The Korean steel industry is suffering from a double whammy — a steep rise in costs and a demand cliff following the spread of COVID-19. Although price hikes are urgently needed in view of worsening profitability amid rising production cost... |
Ferrosilicon futures report (07/01/2020)
The 2009 ferrosilicon contract price on ZCE closed at 5944 yuan per ton on July 1. |
Ferrosilicon Daily Express 7.1
China's steel sector purchasing managers' index (PMI) decreased by 1.6 points from May to 49.3 in June. |
US Steel Imports Down 19% Year-to-Date Through May
American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 1,792,000 net tons (NT) of steel in May 2020. |
China’s coking coal imports fall in May
China imported 4.76mn t of coking coal in May, down by 23pc from 6.21mn t in April and down by 19pc from a year earlier. |
European Commission Changes EU Steel Import Quotas System
The European Commission has published the result of its second investigation reviewing the safeguard measures put in place by the European Union on imports of steel products. |
AISI Welcomes New Chairman of the Board
The American Iron and Steel Institute’s (AISI) Board of Directors formally elected John Brett. |
Japan's manufacturing seen rebounding from Covid-19 low
China imported 4.76mn t of coking coal in May, down by 23pc from 6.21mn t in April and down by 19pc from a year earlier. |
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