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For 2019, China’s gross domestic product grew 6.1% on year to Yuan 99 trillion ($14 trillion), with the final result coming within the central government’s targeted range for last year of 6-6.5%, according to National Bureau of Statistics (NBS) data released on the release on January 17. “Most of the tasks were fulfilled, laying a solid foundation for China to develop into a well-off society,” NBS commented.
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Fixed asset investment (FAI) in China’s manufacturing sector grew by a total of 5.4% on year during full year 2019, up 0.2 percentage point from the first eleven months, according to the latest data from the National Bureau of Statistics (NBS) released on Friday. FAI in the domestic property market increased by 9.9% on year during January-December, though this was off by a tiny 0.3 percentage point from the January-November reading, the data show.
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China's 2019 crude steel output grew 8.3% on year to about 996.3 million tonnes, with the December volume up 11.6% on year to 84.3 million tonnes. A detailed report will be posted soon.
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China's steel exports declined 7.3% on year to about 64.3 million tonnes for 2019. A detailed report will be posted soon.
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China's fixed asset investment in general grew5.2% on year to Yuan 53.37trillion ($7.5trillion) over January-November, among which the funding in the property market went up 10.2% on year to Yuan 12.13trillion.A detailed story will be posted soon.
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China's crude steel output grew 7% on year to about 904.2 million tonnes over January-November, with the November volume up 4% on year to 80.3 million tonnes. A detailed report will be posted soon.
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A 4.5 magnitude earthquake shook Tangshan, China’s top steel producing city in North China’s Hebei province, at 0802 (Beijing time) on the morning of December 5, but operations at local steel mills, including production and transportation have not been affected so far, Tangshan market sources confirmed shortly after the earthquake.
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On November 27, 2019, Mysteel Global parent company, Shanghai Ganglian E-commerce Holdings Co. Ltd. (Ganglian), together with its existing business partner, Japan-headquartered Metal One, signed an investment agreement in India with the three founder shareholders of India's leading steel information company SteelMint.
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The combined gross profit of China’s ferrous smelting and processing industry over January-October plunged by 44.2% on year to Yuan 211.9 billion ($30 billion), according to the latest statistics from China’s National Bureau of Statistics (NBS) published on November 27. The fall was even sharper than the 41.8% on-year decline seen over January-September, Mysteel Global notes.
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After staying majorly unchanged for around 2 weeks, imported scrap prices to Turkey have marginally inched up, after a couple of deep-sea cargo bookings completed in the recent days, SteelMint learned from market participants On account of very active bookings earlier in Oct’19, the buying activity now has slowed down in the last few weeks, even as the prices have more-or-less remained flat after rebounding by USD 32-33/MT in the previous month.
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China’s pig iron production in October marked the first on-year decline for 2019, with output slipping by 2.7% to reach 65.58 million tonnes, according to the latest data released by the country’s National Bureau of Statistics (NBS) on November 14. The total tonnage was also down 1.7 million tonnes or 2.6% on month, the data show.
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China’s fixed asset investment (FAI) in general grew 5.2% on year to Yuan 51.1 trillion ($7.3 trillion) over January-October, and the growth in the funding in the property sector was recorded at 10.3%, according to the latest release from the country’s National Bureau of Statistics (NBS) on November 14.
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China's crude steel output grew 7.4% on year to about 829 million tonnes over January-October, with the October volume down 0.6% on year to 81.5 million tonnes. A detailed report will be posted soon.
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China and the U.S. have agreed to roll back tariffs on each other’s goods in phases “at the same time” and “by the same degree” as part of the “phase one” trade deal if it is to be reached, Gao Feng, spokesman of China’s Ministry of Commerce (MoC) confirmed at the press conference in Beijing on November 7.
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China exported a total of 55.1 million tonnes of steel over the first ten months of this year, down 5.8% on year, according to the latest data released by China’s General Administration of Customs on November 8. The decline is steeper than the year-on-year decrease of 5% over the January-September period, Mysteel Global noted.
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China's October steel PMI hit a 46-month low of 41.3, down 2.9 basis points on month. A detailed report will be posted soon.
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A fire on Thursday morning at Hebei Xinghua Iron & Steel Co (Xinghua Steel), a long products maker in Wu’an city in North China’s Hebei province, has claimed seven lives, according to an announcement from Hebei’s provincial Department of Emergency Management.
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China’s GDP grew 6.2% on year over January-September, still within Beijing’s 6-6.5% economic growth target for 2019, though the growth for Q3 fell another 0.2 percentage point from Q2 to 6% on year, or a new low after Q2 since China started the GDP statistics in 1992, according to the latest statistics from the country’s National Bureau of Statistics on October 18.
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China’s crude steel production still grew over January-September, but at a lower 8.4% year-on-year rate than the 9.1% annual rise for the first eight months, totalling 748 million tonnes, Mysteel Global noted from the latest statistics released by the country’s National Bureau of Statistics (NBS) on October 18.
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China's gross domestic products (GDP) grew 6.2% on year for the first three quarter of 2019, and its fixed asset investment grew 5.4% on year over January-September, according to the latest statistics from the National Bureau of Statistics. A detailed report will be posted soon.
