In early May, the social inventory of 5 varieties of steel in 20 cities was 14.98 million tons, down 1270 thousand tons (7.8%) from last ten days, and up 8160 thousand tons (119.7%) vs. the begining of 2020.

Vigorously promoting a greener economy, Shanxi, the coal-rich province, cut 27.45 million tonnes of coal production capacity and saw a GDP growth higher than the country's average level in 2019.

"Coal and iron ore used to be piled up on the dock without cover, and sewage flowed everywhere after it rained. Coming back from the dock, I would throw my shoes away," said Nie Zhiqiang, who has lived near the port for about half a century.

The 2009 ferrosilicon contract price on ZCE closed at 5774 yuan per ton on May 14.

In early May, the social inventory of 5 varieties of steel in 20 cities was 14.98 million tons.

The American Iron and Steel Institute (AISI) reported that for the month of March 2020, U.S. steel mills shipped 7,802,192 net tons.

The producer price index (PPI), which measures costs for goods at the factory gate, fell 3.1 percent year-on-year in April, according to the National Bureau of Statistics.

In the week ending on May 9, 2020, domestic raw steel production was 1,204,000 net tons while the capability utilization rate was 53.7 percent.