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Balance key in outbreak fight, boost for business

China's policymakers will strike a balance between containing the novel coronavirus pneumonia outbreak and facilitating the resumption of regular business activities as a prolonged economic standstill could trigger greater risks, economists said.

Wednesday, February 19, 2020

Rio Tinto trims iron ore guidance, market sees price support

Miner Rio Tinto has trimmed its 2020 iron ore shipments guidance from the Pilbara area of Western Australia by between 6 million mt and 9 million mt.

Tuesday, February 18, 2020

Potential container shortage may lift steel scrap prices

There may be some shortages of containers as Chinese export numbers have taken a tumble during this crisis.

Tuesday, February 18, 2020

Chinese steel mills mull output cuts due to coronavirus: Platts survey

More than a third of Chinese steel mills are considering cutting steel production due to rising inventories.

Tuesday, February 18, 2020

Energy supplies sufficient despite epidemic disruptions

China's energy supply can meet demand despite disruptions caused by the outbreak of a new strain of the coronavirus, statistics released Friday by the National Energy Administration (NEA) showed.

Monday, February 17, 2020

JFE Steel to Shut Some Steel Plate Mills

JFE Steel announced its decision to idle part of its steel plate manufacturing operations in Japan on account of falling steel demand and faltering global economic growth situation.

Monday, February 17, 2020

EUROFER Update on Real Steel Consumption in EU

EUROFER announced that real steel consumption in EU fell by 1.6% YoY in the third quarter of 2019 and stood at 38.5 million tonnes.

Friday, February 14, 2020

China's coal-rich province reports record foreign trade

North China's Shanxi Province recorded 144.69 billion yuan (about 20.75 billion U.S. dollars) in imports and exports in 2019, up 5.7 percent from the previous year, local customs authorities said Tuesday.

Friday, February 14, 2020