[SMM Special] China Ferrous Metals Market in the Shadow of Spreading COVID

Telah Terbit: Apr 26, 2022 11:12
Sumber: SMM
The severe pandemic in Ningbo greatly affected the production and sales of large copper billet producers. Goods in these plants could not be shipped to Shanghai, Jiangsu and some other places. In addition, the pandemic suppressed the terminal demand, such as the automobiles, hardware fittings, sanitary ware and real estate, which further reduced the orders of copper billet. According to industry reports, orders in March dropped by about 20%-30% compared with the normal level, and some even recorded a loss of 50%.

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