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China's national economy has stayed on a healthy and steady track, with the gross domestic product (GDP) for the first half year of 2018 at Yuan 41.9 trillion ($6.3 trillion), up 6.8% on year, according to the latest release by the National Bureau of Statistics (NBS) on July 16.
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China produced 36.1 million tonnes of coke in June, 1% down on month and 4.7% lower on year, according to a post by China's National Bureau of Statistics (NBS) on July 16. Over January-June, China's total coke output declined 3.2% on year to 212 million tonnes, the statistics show.
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The Tangshan government in North China's Hebei province has requested all its steel mills to curtail their coking, sintering and blast furnace capacities over July 10-31 tentatively to improve the air quality as Hebei province posted worsened air pollution in the past couple of months, local steel market sources confirmed on July 10.
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The impact of Typhoon Ewiniar on the domestic steel market in South China's Guangdong province was comparatively limited compared with others that have deluged that region of China in recent years, though authorities at Zhanjiang port temporarily suspended all port operations from the morning of June 6, according to market resources on June 8.
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World's top miners including Vale, Rio Tinto, and BHP all expressed their commitments to higher-grade iron ore supplies on noting China's greater appetite for such products, according to their officials when presenting at the SGX' Singapore Iron Ore Forum on May 24.
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Chinese steel mills and iron ore suppliers should be working towards a mutually-beneficial iron ore pricing scheme for the sustainable development in the long run for both parties, Liu Zhenjiang, Secretary General of the China Iron & Steel Association (CISA) said at the Singapore Iron Ore Forum on May 24.
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China produced 36.72 million tonnes of coke in April, up 3.2% on month but down 3.6% on year, the latest data from the National Bureau of Statistics (NBS) showed on April 15.
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Shanghai Clearing House (SCH) in East China's Shanghai Municipality launched the Chinese Yuan-priced iron ore swaps on May 7, just three days after the iron ore international trading commenced on the Dalian Commodity Exchange.
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Member steel mills of the China Iron and Steel Association (CISA) posted a total gross profit at Yuan 56.9 billion ($9 billion) over January-March, but a few adverse factors will challenge the industry for the rest of the year, according to CISA's Q1 steel industrial performance press release issued on April 27.
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Shaanxi Coal Industry Company, listed on Shanghai stock exchange, posted a 5.2% year-on-year increase in coal output to 25.3 million tonnes over Q1 with the majority being thermal coal, and its sales up 3.5% on year to 31 million tonnes, according to the company's quarterly report on April 26.
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Anglo American's iron ore output dropped 6% on year to 13.9 million tonnes in January-March because of the two pipe leakage accidents at its Brazilian mine Minas-Rio in March, according to its quarterly report released on April 24.
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The Australian miner Fortescue Metals Group (FMG) produced 39.1 million tonnes of iron ore for January-March, which was down 4% on quarter and 2% lower on year because of adverse weather, according to the company's latest quarterly report on April 24.
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The Australian miner BHP produced 67 million tonnes of iron ore at its major mining sites in Pilbara, Western Australia, in January-March on a 100% basis, which was down 6% on quarter but 8% up on year, according to its quarterly report released on April 19.
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China produced 103 million tonnes of coke and 805 million tonnes of coal in the January-March quarter, according to the latest production report from the National Bureau of Statistics (NBS) on April 17. The Q1 coke output total was 3.2% lower on year though the raw coal total was 3.9% up on year, the data shows.
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China's Dalian Commodity Exchange (DCE) will start the international trading of its iron ore futures on May 4 upon the approval of the China Securities Regulatory Commission (CSRC), an official confirmed on April 13.
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China's March iron ore imports climbed by 1.5 million tonnes or 1.8% month on month to 85.8 million tonnes, according to the latest statistics released by the country's General Administration of Customs on April 13.
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The four key raw materials dispatch ports in Australia's North Queensland of Weipa, Abbot Point, Mackay and Hay Point were closed on Tuesday as the latest cyclone of the season, Iris, intensified, Mysteel has learned. All four ports are administered by North Queensland Bulk Ports Corporation Limited (NQBP).
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A raw material transmission belt for a blast furnace of Tianjin Iron & Steel Group (Tiangang) was caught on fire sometime on the afternoon of April 2, no casualties have been reported so far and the impact on the mills' operations remains unclear, Mysteel understands from market sources on Monday.
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Steelmakers operating blast furnaces Wu’an, a county-level city of Handan city in North China’s Hebei province, might have to endure disruptions to their operations for much longer, Mysteel has learned.
The Wu’an city government had earlier instructed steelmakers in the city to cease production between March 16-31 in its battle against
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Shenzhen-listed Pangang Group Vanadium & Titanium Resources Company, a subsidiary of Panzhihua Iron & Steel Group headquartered in Panzhihua city in Southwest China's Sichuan province, swung firmly back into profit last year, ending three successive years of financial losses.
