Ferrosilicon Daily Express 4.1

  • Wednesday, April 01, 2020
  • Source:ferro-alloys.com

  • Keywords:Ferrosilicon futures spot
[Fellow]JSW Steel has decided to scale down/ suspend production at its units in the wake of the global outbreak of novel Coronavirus (COVID-19).
[Ferro-Alloys.com] Production: In Jan-Feb, China pig iron and crude steel production was 132 million tons and 155 million tons, up by 3.06% and 3.07% YoY respecrively; steel products production was 167 million tons, down by3.39% YoY.
 
Price: China steel price average index was103.34 in Jan-Feb, down by 3.3% YoY. China steel price index was by February, 28, down by 5.71% YoY.
 
Income and Profit: In Jan-Feb, revenue of ferrous metal smelting and rolling industry was 821.94 billion yuan, down by year on year and total profit was 12.89 billion yuan, down by 34.4% year on year.
 
JSW Steel, one of the country's largest private steel companies, has decided to scale down/ suspend production at its units in the wake of the global outbreak of novel Coronavirus (COVID-19). 

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  • [Editor:kangmingfei]

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