Home / Metal News / 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

iconApr 1, 2020 09:03
Source:SMM

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

 

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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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