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The daily steel output among the member mills of the China Iron & Steel Association (CISA) over September 1-10 declined at a faster rate of 1.1% from the last eleven days of August to 2.14 million tonnes/day on average, though the year-on-year comparison still posted a gain of 6.7%, according to the latest release by CISA on September 14.
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Over January-August, China’s fixed asset investment (FAI) still declined but by just 0.3% on year against the 1.6% on-year drop for the first seven months, and the funding in the domestic property market grew much faster at 4.6% on year, confirming the steady recovery in the Chinese economy, according to the release by the country’s National Bureau of Statistics on September 15.
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Over January-August,China’s fixed asset investment (FAI) still declined on year but narrowed to0.3%, and the funding in the domestic property market grew faster by4.6%on year, according to the latest release from the country's National Bureau of Statistics. A detailed report will be posted soon.
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China's crude steel output grew 3.7% on year to about 689 million tonnes over January-August, according to the latest release from the country's National Bureau of Statistics.A detailed report will be posted soon.
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China exported 36.6 million tonnes of steel products over this year’s January-August period, according to the latest statistics of China’s General Administration of Customs (GACC) published on September 7. The decline in the eight-month total at 18.6% on year was steeper than the 17.6% on-year decline over January-July, Mysteel Global notes.
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China’s steel exports totaled 36.6 million tonnes over January-August, or down more steeply by 18.6% on year, while its steel imports surged 59.6% on year to 12.2 million tonnes over January-August, according to the latest statistics from the country's General Administration of Customs.A detailed report will be posted soon.
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China’s imports of coal and lignite plunged by 20.8% on month to 20.7 million tonnes in August, according to the latest statistics from the country’s General Administration of Customs. A detailed report will be posted soon.
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China's iron ore imports over January-August rose 11% on year to nearly 760 million tonnes, according to the latest statistics from the country's General Administration of Customs. A detailed report will be posted soon.
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Both the fundamentals and market sentiment will be lending support to China’s steel prices in general and rebar in particular in September, and coke and scrap prices may stay on their uptrends while iron ore price may recede from the highs, Wang Jianhua, Mysteel’s chief analyst shared his near-term outlook on September 1.
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China’s sizeable industrial firms still posted a 8.1% on-year decline in their gross profits for the first seven months of 2020, though the drop narrowed by 4.7 percentage points from that in the first half of 2020, according to the latest release by the country’s National Bureau of Statistics (NBS) on Thursday.
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China’s fixed asset investment (FAI) still declined by 1.6% on year over January-July, but it narrowed from the 3.1% drop in the first half, and the funding in the domestic property market grew 3.4% on year by July against the 1.9% on-year growth in H1, indicating continuing recoveries in July, according to the latest data from China’s Bureau of Statistics (NBS).
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In July, China produced about 317.9 million tonnes of raw coal for all utilization, or down 3.7% on year, while its coke output edged up by 0.3% on year to 40 million tonnes for July, according to the latest release by the country’s National Bureau of Statistics. A detailed report
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Over January-July,China’s fixed asset investment (FAI) still declined on year but narrowed to1.6%, and the funding in the domestic property market gained a further 3.4%on year, according to the latest release from the country's National Bureau of Statistics. A detailed report will be posted soon.
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China's crude steel output grew 2.8% on year to about 593 million tonnes over January-July, according to the latest release from the country's National Bureau of Statistics.A detailed report will be posted soon.
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China’s finished steel imports totaled 9.9 million over January-July, up 49% on year, which was much higher than the 26.1% on-year rise for the first half of 2020 due to the record high import volume in July, Mysteel Global understood from the latest statistics from the country’s General Administration of Customs on August 7.
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China’s steel imports increased 49.3% on year to 9.9 million tonnes over January-July, and the steel exports decreased by 17.6% on year to 32.9 million tonnes in the first seven months of 2020,according to the latest statistics from the country's General Administration of Customs. A detailed report will be posted
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China's iron ore imports over January-July rose 11.8% on year to 659.6 million tonnes, according to the latest statistics from the country's General Administration of Customs. A detailed report will be posted soon.
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A quick look at how China's economy and steel market performed in the first half of 2020.
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China’s gross domestic production (GDP) returned to a positive growth of 3.2% on year in the second quarter, enabling the country’s GDP for the first half of 2020 still declined but at 1.6% on year against the 6.8% on-year decline for the first quarter of 2020, according to the latest official data.
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China’s fixed asset investment (FAI) and the funding in the property market both grew further by June, and the former, thus, still dropped but by 3.1% on year for H1 against the 6.3% on-year drop over January-May, and the latter up 1.9% on year from a 0.3% annual fall until May, according to the latest official data.
