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China’s coke output over January-April increased 6.5% on year to 151.8 million tonnes, but coal output edged up by only 0.6% on year to 1.1 billion tonnes over the same period, according to new data released by the National Bureau of Statistics (NBS) Wednesday.
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China’s crude steel output rose at a fast pace of 10.1% on year over January-April to reach some 315 million tonnes, according to the latest statistics released by the country’s National Bureau of Statistics (NBS) on May 15.
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China’s fixed asset investment (excluding rural households) over January to April grew by a healthy 6.1% on year to Yuan 15.57 trillion ($2.3 trillion), though growth over the four months slowed by 0.2 percentage point compared with January-March, according to new data from China’s National Bureau of Statistics released on May 15.
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Jiangsu Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker headquartered in East China’s Jiangsu province, has cut its steel scrap procurement price by Yuan 40/tonne ($5.8/t) for delivery starting May 15 in its latest pricing policy, which is in tune with sufficient supply while the growing uncertainty in domestic steel prices.
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Over January-April, China’s coke output increased 6.5% on year to 151.8 million tonnes, andraw
coal edged up 0.6% on year to 1.1 billion tonnes. A detailed report will be posted soon.
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China's fixed asset investment in general grew 6.1% on year to Yuan 15.57trillion ($2.3trillion) for January-April and the funding into the property market went up 11.9% on year to Yuan 3.4 trillion during the period. A detailed story will be posted soon.
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China's crude steel output grew 10.1% on year to nearly 315 million tonnes with the April volume up 12.7% year on year to about 85 million tonnes. A detailed report will be posted soon.
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China will raise the tariffs on some of the $60 billion worth of the US goods to a maximum of 25% starting June 1, according to an announcement from Customs Tariff Commission of the State Council on the evening of May 13 Beijing time.
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China deeply regrets that the US government has decided to hike the tariffs on the $200 billion worth of Chinese products to 25% from existing 10%, and will have to take countermeasures, China's Ministry of Commerce issued the statement on the midday of May 10.
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The Fortescue Metals Group will provide a wider scope of iron ore products with a ferrous content ranging 57-67% to better meet market needs, Greg Lilleyman, the company’s chief operating officer, told delegates attending the Singapore Iron Ore Week 2019 forum on May 9.
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China’s imports of coal and lignite
increased 1.7% on year to 99.9 million tonnes over January-April, and the
exports of coke and semi-coke decreased 13.8% on year to 2.59 million tonnes. A
detailed report will be posted.
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China's steel exports rose 8.3% on year to 23.35 million tonnes for January-April. A detailed report will be posted soon.
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Daily crude steel output among the 97 major steelworks members of the China Iron and Steel Association (CISA) continued to increase during April 11-20, rising by 2.6% or 50,700 tonnes from the first ten days in April to 2.01 million tonnes/day on average, according to CISA’s latest data released on April 30.
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The Purchasing Managers’ Index (PMI) for China’s manufacturing industry nudged down 0.4 basis point on month to 50.1 for April, just above the threshold of 50 connoting expansion, according to Tuesday’s official release from China’s National Bureau of Statistics.
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Domestic demand for steel scrap among the countries of ASEAN will steadily rise in coming years, thanks to the continuing growth in steel consumption, Pichsini Tepa-Apirak, senior technical manager of ASEAN Iron & Steel Council told delegates attending the 12th China International Metal Recycling Conference 2019 held in South China’s Zhuhai on Friday.
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A notable uptrend in China’s steel scrap market is likely in the coming three months, mainly supported by the continuing improvement in domestic steel demand, Li Shubin, vice chairman of the China Association of Metalscrap Utilization predicted Friday at the 12th China International Metal Recycling Conference 2019 in Zhuhai city in South China’s Guangdong province.
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Chinese speakers and delegates attending the 12th China International Metal Recycling Conference over April 25-26 in South China’s Zhuhai city were divided on whether or when China should proceed with boosting the country’s electric-arc furnace (EAF) steel capacity to replace blast furnaces.
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China should be alert to overcapacity in its nonferrous metals recycling sector, especially when availability of waste materials and scrap resources will reduce substantially going forward, due to the country’s restrictions on waste materials imports, Shang Fushan, vice chairman of China Nonferrous Metals Industry Association (CNIA) warned at the 12th China International Metal Recycling Conference 2019 in Zhuhai, South China’s Guangdong province on April 25.
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This year China’s steel scrap price is unlikely to experience the same volatility witnessed in 2018, Li Shubin, vice chairman of the China Association of Metalscrap Utilization (CAMU) remarked on April 25 at the association’s meeting of members in Zhuhai, South China’s Guangdong province. The price is expected to average around Yuan 2,500/tonne ($372/t) including the 13% VAT for 2019, he told delegates.
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China’s related associations and governing bodies regulating the country’s steel scrap industry are working closely together in standardizing parameters for scrap quality and requirements for scrap recycling yards in China, according to speakers at the 12th China International Metal Recycling Conference 2019 in Zhuhai in South China’s Guangdong Province.
