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China’s metals inventories could more than double in the first quarter of 2020, according to a JP Morgan research note published on Thursday February 27.
The China Council for the Promotion of International Trade (CCPIT) has issued 1,615 force majeure certificates to businesses in China affected by the novel coronavirus (2019-nCOV) outbreak.
Domestic prices for hot-rolled coil in Northern Europe were fairly stable over the week ended Friday February 28, supported by a combination of the positive effects of long lead times from the region’s mills and a lack of competitive import offers.
A shortage of shipping containers resulting from the control measures put in place in China to contain the spread of the novel coronavirus (2019-nCoV) is slowing global trade.
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