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[SMM Analysis] it is difficult for global steel mills to reduce production and upgrade the export volume of manganese market.
Apr 9,2020 15:20CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4, March 9: due to the continuous outbreak of outbreaks overseas, the recent steel market announced a significant increase in production reduction enterprises, the global steel mill production reduction has also gradually escalated. According to statistics, at present, Gaeldao, Usiminas, ArcelorMittal, ThyssenKrupp, Japanese iron and steel, Viohalco SA, India SAIL, India RINL, the United States Iron and Steel Company has formulated relevant production reduction plans.

According to SMM, many traders entering the manganese market in April indicated that most overseas steel mills had reduced their enquiries and signed significantly fewer orders, of which forged manganese and manganese products accounted for 26.96% in 2020, 24.39% in the United States, 15.37% in Japan and 10.44% in Brazil. However, according to the escalation of the epidemic situation abroad, the proportion of manganese and manganese products exported in 2020 is 26.96% in India, 24.39% in the United States, 15.37% in Japan and 10.44% in Brazil. Production cuts and shutdowns at overseas steel mills to control the spread of the epidemic are also forecast by most companies, and most manganese exporters say overall exports are unlikely to increase in the first half of 2020.

According to SMM statistics, the total export volume of forged manganese and manganese products from January to June 2019 is 19887 tons, while that of unforged manganese products is 198523 tons in the first half of 2019. According to the current situation of shutdown and production reduction of overseas steel mills, it will be difficult to quickly resume production in the short term, or further reduce the demand for domestic manganese products, and it is expected that the export performance of various manganese products in 2020 may be difficult to reach a higher quantity.

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