LME nickel price trend on June 15th

Global nickel output to decline 19% y-o-y in 2020 — report

The output of crude steel, pig iron and steel in May were 92.27 million tons, 77.32 million tons and 114.53 million tons respectively.

From January to May, 2020, the output of flat steel in the country increased by 13% year-on-year to 945178 tons.

In early June 2020, the key steel enterprises produced 21.0916 million tons of crude steel.

The 2009 ferrosilicon contract price on ZCE closed at 5754 yuan per ton on June 16.

The UK economy suffered its biggest monthly contraction on record in April, with the country's GDP shrinking by a fifth during the first full month of its Covid-19 lockdown.

Japan's Tokyo Steel announced its sixth increase for ferrous scrap prices this month, effective on 13 June, as its previous rises failed to boost scrap flow to some mills.