Home / Metal News / Copper / Today's news: March copper terminal industry set off a tide of resumption of work * electric furnace plant rework rate rose nearly 30% * crude oil futures fell 54% in March
Today's news: March copper terminal industry set off a tide of resumption of work * electric furnace plant rework rate rose nearly 30% * crude oil futures fell 54% in March
Apr 1,2020 09:03CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Macro information

The standing Committee of the State Council: increase the reloan and rediscount amount of small and medium-sized banks by 1 trillion yuan

Trump calls for "large-scale and bold" $2 trillion infrastructure bill

Trump is reported to be announcing a 90-day extension of some tariffs

Metal news

[copper downstream PMI Index] in March, the terminal industry set off a tide of resumption of work, and the PMI index rose above the rise and fall line.

[SMM Analysis] in March, the overall PMI of the aluminum processing industry was 65.5, and it is expected to fall back in April.

The problem of scrap steel [SMM thread] has been alleviated, and the rework rate of electric furnace plant has risen sharply by nearly 30%.

The impact of the epidemic has weakened and demand improved slightly in March. [SMM Iron and Steel PMI report]

Chile's copper production rose 8.3 per cent in February from a year earlier to 451580 tons

The United States conducts a trade investigation on aluminum panels imported from 18 countries

The epidemic situation of Jiexin Crown has a great impact on the nickel industry in Indonesia

South Africa's Harmony Gold expects gold production to decline during the 21-day lock-up period

Vale says capacity recovery due to the outbreak may slow down

 

Related news

What will be the performance of the world's top five auto markets under the epidemic?

 

Extend the subsidy for two years to support the development of new energy automobile industry in China

Crude oil futures tumbled 54% in March, the biggest one-month drop in history

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