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

Published: Apr 14, 2020 19:03 (GMT+8)

Save

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 for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Sep 25, 2026 16:02 (GMT+8)

[SMM Steel] India Domestic Steel Prices Rise on Tight Supply

[India Domestic] Domestic steel prices up amid tight supply while scrap prices remained mostly flat in major cities. Heavy rainfall and the impact of Cyclone Arnab have caused waterlogging and traffic disruptions in Raipur and nearby areas, affecting normal operations and movement. Some steel factories have had to stop production temporarily for a day, tightening local supply. Raipur Rebar up 2 USD/tonne (200 INR/tonne) to 528 USD/tonne (50,600 INR/tonne) EXW Raipur. Rebar flat at 537 USD/tonne (51,500 INR/tonne) EXW Mumbai. Mandi ingot up 2 USD/tonne (200 INR/tonne) to 489 USD/tonne (46,700 INR/tonne) EXW Mandi. Offers were around 488-490 USD/tonne (46,800-47,000 INR/tonne) and few deals concluded at current level, heard from market sources. HMS 1&2 (80:20) unchanged 394 USD/tonne (37,800 INR/tonne) delivered Mandi. Durgapur billet up 2 USD/tonne (200 INR/tonne) to 455 USD/tonne (43,600 INR/tonne) delivered Durgapur. Sponge iron PDRI rose 4 USD/tonne (400 INR/tonne) to 294 USD/tonne (28,200 INR/tonne) EXW Raipur.

Sep 25, 2026 16:02 (GMT+8)

Sep 24, 2026 18:25 (GMT+8)

[SMM Analysis] Ship Recycling Credit Note: What It Means for India's Steel and Shipbreaking Market

India now gives shipowners a "credit note" when they scrap an old ship at an approved Indian yard. The credit is worth 40% of the ship's scrap value, but it can only be used to help pay for a new ship built in India. The benefit goes to the shipowner, not directly to the recycler. It may bring more ships to India, but it does not by itself raise the price recyclers pay. What recyclers can pay depends on what they earn from selling the recovered steel, so domestic steel prices matter most.

Sep 24, 2026 18:25 (GMT+8)

Sep 24, 2026 16:48 (GMT+8)

ADC12 Cost Support Continues, Pre-Holiday Demand Mildly Improves [Aluminum Scrap and Secondary Aluminum Weekly Review]

[Secondary Aluminum Weekly Review: ADC12 Cost Support Persists, Pre-Holiday Demand Improves Mildly] This week, SMM ADC12 prices held steady at 24,500 yuan/mt. On the cost side, aluminum scrap raw material prices fluctuated within a limited range overall this week, but the impact of stricter tax invoice policy enforcement became more evident in the market. Compliance requirements for enterprise procurement increased, the supply of invoiced aluminum scrap remained relatively tight, and comprehensive raw material procurement costs for some enterprises stayed at elevated levels.

Sep 24, 2026 16:48 (GMT+8)