SMM Webinar Series: COVID-19 global disruption: Demand/supply changes of China’s ferrous metals markets

Published: Apr 14, 2020 19:03

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The global widespread of COVID-19 has forced many countries to enforce stringent containment measures which result in a heavy impact on global economic activity. Over the past two months, we saw serious disruption of manpower, transportation and production in China. We are now seeing these scenarios happening around the world.

As the pandemic worsens globally, steel mills in Japan, South Korea, Italy, Germany, Canada and India have implemented production reduction, with daily demand of iron ore decreasing around 150,000 mt by the end of March, according to SMM’s calculation.

Meanwhile, there has been a subdued impact on overseas iron ore supply, thus iron ore supply to China are expected to increase, and iron ore prices is undergoing increasing pressure.

Join our webinar to understand the situation changes of iron ore, as well as the demand/supply of the Chinese ferrous market during this volatile period.

Date: April 15 (Wednesday)

Time: 5pm CST

Registration: https://register.gotowebinar.com/register/1212461564730237966

Coronavirus impact COVID-19 Ferrous metals Steel Iron ore

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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