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.

In Mid-April, the social inventories of 5 varieties of steel products in 20 cities were 17.17 million tons.

LME nickel price trend on April 23rd

Nickel ore market weekly comment(April 20th-April 24th): The prices of Laterite-Nickel ore was steble this week

Ferronickel market weekly comment(April 20th-April 24th) The price of high grade ferronickel price went up in this week

Electrolytic nickel market weekly comment(April 20th-April 24th) LME nickel price rose up in general, so did the price of electrolytic nickel

The ferrosilicon market was temporarily stable this week.

The 2009 ferrosilicon contract price on ZCE closed at 5690 yuan per ton on April 24.