Home / Main / Association of ferrous metallurgy of China said on critically low stocks of raw materials in the factories

Association of ferrous metallurgy of China said on critically low stocks of raw materials in the factories

Main / Asia

steel industry of China have reserves of raw materials for five days. Railways and motor transport are working intermittently due to the coronavirus.

Association of ferrous metallurgy of China said on critically low stocks of raw materials in the factories

the China Association of steel industry (CISA) appealed to the Ministry of transport of China with the call to "take decisive action" to provide adequate logistics to transport raw materials and steel products.

the document, dated 12 February States that "extreme measures" taken to combat the epidemic of the coronavirus, such as the blocking of cities and roads in some regions, strongly influenced the access of plants to raw materials such as iron ore, coking coal and limestone - and their outgoing deliveries of metal products.

Association said that some factories operating in road transport, lack of raw materials due to the shortage of truck drivers because some of them are unable to return to work on time because of the epidemic.

Company Wuhan Iron and Steel Co Ltd, a division of the largest steel company, China Steel Group Baowu, located at the epicenter of the spread of the virus, has sufficient stock of raw materials to maintain production for about five days.

the Association also pointed out that after the lunar new year holiday, the factories have seen a sharp increase in stocks of finished steel products. Stocks at Chinese steel mills increased by 17.3% compared to a week earlier to 11.5 million tons as of February 13, according to data provided by the consulting firm Mysteel.

health officials in Hubei reported that on Wednesday from flu-like virus has died 242 people, which was the rapid increase in the daily count of deaths since the detection of the pathogen in December.

According to the National Commission of health in China, the total number of deaths from the newly discovered virus has reached 1 367. On Thursday in the Central province it was another 14 840 cases compared to 2015 new cases across the country a day earlier. Currently, it is confirmed that about 60 000 people were infected coronavirus, the vast majority of them live in China.

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