The Chinese New Year holiday break was extended from January 30 to February 2 this year due to the worsening outbreak of the Wuhan coronavirus.
If the coronavirus outbreak manages to dampen China’s stainless-steel production, it can be expected to weaken demand for feedstock in turn.
The Chinese government has tightened road transport restrictions to combat the spread of the coronavirus, with delivery trucks not allowed to travel through many counties and villages, sources told Fastmarkets.
Most ferro-chrome smelters have reported little impact from the holiday extension because they bought chrome ore in...
