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, a shortage of raw materials and weak downstream demand caused by the coronavirus, according to a recent S&P Global Platts outlook survey. The survey found that 35% of survey participants had...

https://www.hellenicshippingnews.com/chinese-steel-mills-mull-output-cuts-due-to-coronavirus-platts-survey/

Steel scrap may be supported by potential container shortage on coronavirus

The recent coronavirus which continued to plague China has led to expectations on a possible uplift in containerized scrap prices as there may be container shortages at western and European scrap origins, market sources said. Containerized ferrous scrap prices may be garnering support from a...

https://www.hellenicshippingnews.com/steel-scrap-may-be-supported-by-potential-container-shortage-on-coronavirus/

China iron ore marks biggest weekly rise in 5 months on supply concerns

China’s iron ore futures ended a wobbly session higher on Friday and gained the most this week since September amid renewed concerns over seaborne supply and despite demand disruptions due to the coronavirus outbreak. Iron ore on China’s Dalian Commodity Exchange rose 1.0% to 628.50 yuan ($90.01) a...

https://www.hellenicshippingnews.com/china-iron-ore-marks-biggest-weekly-rise-in-5-months-on-supply-concerns/