21

May

Why iron ore price rise so fast?

It is reported the iron ore futures price has reached USD107/ton recently at Dalian Commodity Exchange, increased by 20% than the price of the beginning of April. So what leads to the price rising? On one hand, optimistic sentiment on China’s high demand for iron ore after the pandemic is one impetus. The iron ore demand from China accounts for more than half of global demand and the shipping of i...

18

May

Positive growth of India iron ore export for the 1st quarter

Almost every industry is affected by Covid-19 since its outbreak, especially for the steel industry. Domestic steel demand and industry of India has been rebounded from last Nov and this situation has been lasted till the beginning of March this year and has been changed at the last week of March due to outbreak of Covid-19. The measures have been taken by each nation to combat the virus. The dome...

13

May

The impediments of supply chain will affect the revival of auto industry

Due to the Coronavirus pandemic, the production and supply of auto parts have been affected. The shortage of auto parts and surge in price have been a big challenge for the auto industry revival. The price increase of electronic parts has been more obvious, and the price of MCU has been increased by 30% due to the difficulty of export and production from Japan and Korea, which were the core produc...

12

May

China's steel export & import data of Arpil 2020

25

Apr

Ordinary state of steel industry in 2020- high inventory

Since the outbreak of covid-19, the steel industry all over the world has been affected to a different extent. For China, domestic demand has been sluggish and the steel export is also under pressure due to the low demand abroad. From the beginning of March, the foreign purchasers have asked Chinese mills to defer the delivery of the cargo or even canceled the orders which makes factories are unde...