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China's steel demand to recover markedly in Q2 amid stimulus: association
China is expected to see its weakened demand for steel forge a strong recovery in the second quarter as the country's infrastructure investment and production resumption gains more momentum, the China Iron and Steel Association (CISA) said Wednesday. |
China steel sector slows growth due to coronavirus outbreak
China steel sector slows growth due to coronavirus outbreak. |
China coal producer Yanzhou Coal posts 9.6-pct rise in 2019 net profit
China's major coal producer Yanzhou Coal Mining Co., Ltd. said Thursday that its net profit saw a 9.6 percent rise in 2019. |
Alcoa to shut Ferndale smelter, throwing 700 out of work
[Ferro-Alloys.com] Ferndale Mayor Greg Hansen took “a nice, long walk in the rain’’ to compose himself Wednesday before agreeing to speak about the announced closure of the nearby Alcoa aluminum smelter — it’s a huge blow to a community already reeling. |
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. |
Japan’s power demand falls following state of emergency
Japan's electricity demand has slumped after a state of emergency was declared on 7 April to tackle the Covid-19 pandemic. |
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. |
Seaborne coal market oversupplied by 40mn t: Noble
The seaborne thermal coal market is oversupplied by around 40mn t and a demand-supply imbalance could persist for much of this year as the Covid-19 pandemic dents economic activity. |
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