China's quick recovery from the Covid-19 outbreak has steadied iron ore prices this year, but global steel production cuts could divert 4mn-5mn t/month of iron ore to China and start to weigh on its spot markets, especially for pellet.

China's CRC prices slump 19% to date in 2020 on weak appliance, auto sectors

The global steel industry is being impacted as our customers are hit by shutdowns.

The US produced 7.2 Mt of crude steel in March 2020, a decrease of 6.0% compared to March 2019.

China's power output increased in the first half of April as many industries resumed operations.

Pandemic puts China metals supply chain in jeopardy

The steel industry was affected by the virus in the first quarter of 2020.

In March, Ningxia's industrial power generation was 15.25 billion kwh, an increase of 10.7% year on year.