China's flat-rolled output declines sharply during Q1

摘要

Flat-rolled copper and copper alloys account for ~12% of refined copper consumption and ~27% of direct scrap consumption. ? CRU estimates that global flat-rolled copper and copper alloy production declined 8.4% y/y and 10% y/y respectively in the opening quarter of 2020, as Covid-19 began spreading rapidly across Asia, forcing the Chinese industrial sector to a standstill. ? First quarter Chinese flat-rolled copper and alloy production saw negative growth of 16.2% y/y. China accounted for approximately 42.4% of global flat-rolled production during the quarter.