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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...
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1. Property Construction From Jan. to Mar. of 2020, the total investment of real estate development is 2.1963 trillion yuan, decreased by 7.7% on a YoY basis. 2. Construction industry In Q1, national fixed capital investment (not including peasant) reached 8.4145 trillion yuan, down by 16.1% year on year. 3. Auto industry During the first three months of 2020, the output and sales volume of cars i...
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Along with the publishing of Q1 steel output and demand, the impact from COVID-19 became more and more obvious. Under the pressure of high stock, the increase of steel output of Q1 has been limited. The development of downstream industries was greatly constrained, especially for manufacturing industries hit by the overseas pandemic. Specifically, the market situation is of high stock and low price...
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Affected by epidemic outbreak, the president recently announced an emergency to the whole nation and said 35 ports and 2 offshore ports will be closed, including the Saldanha port, the largest shipping ports of iron ore in South Africa. It is known that the lockdown is only aimed at optional flow to crews and passenger ships and haven’t caused any effect on iron ore shipments at present. While at ...
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Steel export from India lowers 8% to 570 thousand tons than that of Feb 2019, lowers The data published by the Indian government on Tuesday showed the export volume of Feb is 570 thousand tons, lower than that of the same period last year-619 thousand tons, which is the first drop for these eight months and the biggest fall since April 2019. The statistics show India is the second-largest steel ma...
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Shinmade,focusing on product quality and customer service,consist on the service concept of “all for customer’s convenience, confidence and honor”. We aim to strengthen regional competitiveness and sheet-strip brand establishing by transforming and upgrading to green, ecology and intellectual industry.
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