[Ferro-Alloys.com] Australia’s resource and energy export earnings are forecast to hit a record of $299 billion in 2019–2020 despite the impact of the coronavirus outbreak.

[Ferro-Alloys.com] South African mining production increased by 7.5% year-on-year in January, Statistics South Africa’s data shows. This was the biggest year-on-year rise in mining output since November 2017 when production increased by 7.8%.

The organization said this region has sufficient resources to meet its future electricity demands.

In the week ending on March 14, 2020, US domestic raw steel production was 1,878,000 net tons while the capability utilization rate was 80.5 percent.

[Ferro-Alloys.com] Wacker Chemie AG: WACKER Makes Guidance For 2020 Conditional Due to Coronavirus The issuer is solely responsible for the content of this announcement.

US Federal Reserve announced that it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing entailing USD 700 billion worth of asset purchases of Treasurys and mortgage-backed securities.

The European Steel Association has greeted the release of the Circular Economy Action plan.

Manufacturers are exploring alternatives to fulfil their supply chain demands but that would also take a substantial amount of time to reach stable production scale as these components would need regulatory testing, reiterated Mr Wadhera.