the Stock price of steel in China fell on Tuesday after four consecutive sessions of growth amid concerns over the potential economic impact of an outbreak of a new flu-like coronavirus in the country.
a contract for the supply of steel rebar on the Shanghai futures exchange fell 1.2 percent to 3,558 yuan (about 516,24 US dollar) per ton. Hot rolled steel coil continued to decline after reaching a record high Monday, ending the morning trading falling prices by 1.2% to 3597 yuan per ton.
on Tuesday, China reported a fourth death from new coronavirus and the rapid growth in the number of cases of the disease.
news beat on quotations in the Asian markets, because hundreds of millions of Chinese are preparing to go on vacation during the celebration of the Lunar New year.
health Authorities worldwide have strengthened the monitoring of the spread of viral infections and the world health organization will hold on Wednesday, January 22 meeting to consider the issue of declaring an international emergency in health.
Chinese yuan fell nearly half a percent against the dollar and is on track for its worst day in a month, while airlines and travel agencies fell across the region.
According to Chinese officials, the number of known cases on Monday rose to 223 of infections, mainly in the Central city of Wuhan, where the outbreak started, as well as in Beijing and Shanghai. Physicians recorded two cases of infection in Thailand, one in Japan and one in South Korea.
the Fourth person died on January 19, reported Tuesday in the municipal Commission of public health of Wuhan. The 89-year-old man, who had serious health problems, including coronary heart disease, developed symptoms on 13 January, and in five days he was hospitalized.
"the Outbreak of coronavirus, similar to SARS, in Wuhan becoming a serious potential economic risk for the Asia-Pacific region is now, when there is medical evidence of transmission from person to person," said Rajiv Biswas, chief economist Asia Pacific at IHS. Markit, in a statement via e-mail.
"After the SARS crisis of 2003, the international tourism in China has increased dramatically, so the risks of global virus epidemics, like SARS, is spreading across the world even more," warns the analyst.
Zhong Nanshan, head of the group of experts of the National Commission on public health of China, investigating the outbreak, said in footage shown by state television on Monday, there was no risk of SARS, if you take precautions.
To date, the who does not recommend restrictions on trade or travel, but such measures can be proposed at an emergency meeting of the organization on Wednesday.
Officials from Wuhan use infrared thermometers to screen passengers at airports, railway stations and in other passenger terminals January 14. Airport authorities in the United States and in most Asian countries also conducts screening of passengers from China.
