Various agencies have pegged the contraction of Indian steel demand to come in anywhere between 14-18%. A new report by the World Steel Association has said India’s steel demand would fall by 18% in 2020, even as global steel demand was expected to drop to 6.4% because of the COVID-19 pandemic, the Financial Express reported.
Category: Public Policy
Beijing’s actions could imperil Hong Kong’s future
Many view tiny Hong Kong as something of an anathema — a hangover from the days of the British empire, part of China but not part of China, often missing the point that that is exactly its strength (or has been).
This Morning in Metals: EIA estimates fuel inventory to build by 11.5M b/d in Q2
This morning in metals news, the Energy Information Administration (EIA) released fuel inventory build projections for Q2, Mexico is preparing to ease its coronavirus restrictions and the U.S. recently announced a move targeting China’s Huawei’s.
Go to work, don’t go to work — confusion in U.K.’s virus policy
While many people are asking why Britain did not do it sooner — logically, at the beginning of the lockdown like most other countries — the U.K. has just announced this week it will be forcing all arrivals at its airports to self-quarantine for 14 days on arrival.
This Morning in Metals: Reuters: Trump administration to draft plans for moon mining
This morning in metals news, Reuters reports the Trump administration plans to unveil plans that will outline a legal framework for mining on the moon, Norsk Hydro recently released its first-quarter results and Chinese iron ore futures made gains Wednesday. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner […]
This Morning in Metals: Liberty Steel idles Georgetown steelworks
This morning in metals news, Liberty Steel announced it would idled its Georgetown steelworks in South Carolina, Customs and Border Protection (CBP) has implemented new procedures regarding rules of origin petitions related to the United States-Mexico-Canada Agreement (USMCA) and Vale released its Q1 production results. MetalMiner’s monthly buying outlook reports give you pricing and specific […]
This Morning in Metals: Norsk Hydro updates on COVID-19 impacts
This morning in metals news, Oslo-based Norsk Hydro offered an update on the coronavirus outbreak’s impact on its operations, the U.S. Forest Service denied Minnesota’s request for an unreleased report on the impacts of copper mining and Minsur’s Brazilian subsidiary has closed amid the pandemic. Looking for metal price forecasting and data analysis in one […]
Copper MMI: Copper price recovery capped by lackluster demand
The Copper Monthly Metals Index (MMI) fell 10% this month. Lower your metal spend. Trial MetalMiner’s monthly metal buying outlook now.
This Morning in Metals: Congo locks down mining province after coronavirus cases
This morning in metals news, the Democratic Republic of the Congo has reportedly locked down a mining province for 48 hours, the U.S. steel sector’s steel capacity utilization rate is 81.7% for the year through March 14 and Ford provided an update on its North American operations amid the coronavirus crisis. Looking for metal price […]
This Morning in Metals: China’s aluminum output up over first two months
This morning in metals news, China’s aluminum production through the first two months of the year was up despite the coronavirus outbreak, Rio Tinto offered an update on measures being undertaken at the Oyu Tolgoi project and the Federal Reserve has cut rates to nearly zero. Looking for metal price forecasting and data analysis in […]
