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China's fixed asset investment (FAI) in general grew 5.5% on year to Yuan 40.1 trillion ($5.6 trillion) for January-August, with the growth slowing down 0.2 percentage point from January to July. Investment in the property market grew 10.5% on year over the eight months, though this too was down 0.1 percentage point from January to July, according to the latest updates from China’s National Bureau of Statistics (NBS) released on September 16.
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China’s daily crude steel output in August reversed up after a short-lived retreat in July, growing by 2.4% from July’s four-month low to reach 2.82 million tonnes/day, according to the latest statistics released by the country’s National Bureau of Statistics (NBS) on September 16.
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China's crude steel output reversed up 2.4% on month to 2.82 million tonnes/day in August, and the total volume for the first eight months grew 9.1% on year to around 665million tonnes. A detailed report will be posted soon.
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China's fixed asset investment in general grew 5.5% on year to Yuan 40.1trillion ($5.6trillion) for January-August, among which the funding in the property market went up 10.5% on year to Yuan 8.5trillion during the period. A detailed story will be posted soon.
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China exported some 45 million tonnes of steel over the first eight months of 2019, or down 4.4% on year, according to the latest data released by China’s General Administration of Customs (GACC) on September 8, with the decline being more substantial than the 2.9% on year for the first seven months, Mysteel Global noted.
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China's steel exports declined 4.4% on year to just below 45million tonnes for January-August. A detailed report will be posted soon.
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Jiangsu Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker headquartered in East China’s Jiangsu province, has raised its steel scrap procurement price by Yuan 60/tonne ($8.4/t) for all the deliveries since September 5, according to the company’s latest pricing release on Thursday.
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Jiangsu Shagang Group (Shagang), China’s largest electric arc furnace (EAF) steelmaker headquartered in Zhangjiagang city in East China’s Jiangsu province, has cut its steel scrap procurement prices by another Yuan 50/tonne ($7.1/t) effective from August 30 deliveries. Friday’s announcement came just two days after the mill had slashed scrap buying prices by Yuan 60/t, as Mysteel Global reported.
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Jiangsu Shagang Group (Shagang), China’s largest electric arc furnace (EAF) steelmaker headquartered in East China’s Jiangsu province, is now paying its steel scrap suppliers Yuan 60/tonne ($8.5/t) less for their deliveries to its works effective from August 28, the company announced the same day.
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The China Association of Metallurgical Utilization (CAMU) is lobbying the central government in Beijing for steel scrap to be removed from the list of foreign solid waste materials under import restrictions so as to facilitate higher scrap utilization in steelmaking, Li Shubin, CAMU executive vice president, disclosed at a conference in Bangkok, Thailand, on August 27.
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China’s State Council Tariff Commission will impose 5% and 10% tariffs on the U.S. goods worth $75 billion on or 5,078 items in two batches respectively on September 1 and December 15 as the countermeasures to the U.S. announcement on the 10% tariffs on Chinese goods worth $300 billion also in two batches on these two dates.
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Jiangsu Shagang Group (Shagang), China’s largest electric arc furnace steelmaker headquartered in East China’s Jiangsu province, lifted its steel scrap procurement price by Yuan 50/tonne ($$7.1/t) for deliveries effective from August 21, the company said in an announcement the same day.
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Over January-July, China’s produced about 577 million tonnes of crude steel, up 9% on year, or 0.9 percentage point lower than that for H1 of 2019 because of less steel output for July, according to the latest statistics released by the country’s National Bureau of Statistics (NBS) on August 14.
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Over January-July, China's fixed asset investment (FAI) in general grew 5.7% on year to Yuan 34.9 trillion ($5 trillion), among which that in property market grew 10.6% on year, both being down 0.1 percentage point and 0.3 percentage point respectively from the first half of 2019, according to latest updates from China’s National Bureau of Statistics (NBS) on August 14.
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China's crude steel output grew 9% on year to 577 million tonnes over January-July, with the July volume up 5% on year to around 85 million tonnes. A detailed report will be posted soon.
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China's fixed asset investment in general grew 5.7% on year to Yuan 34.9trillion ($5trillion) for January-July, among which the funding in the property market went up 10.6% on year to Yuan 7.3trillion during the period. A detailed story will be posted soon.
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Jiangsu Shagang Group (Shagang), China’s largest electric arc furnace (EAF) steelmaker headquartered in Zhangjiagang in East China’s Jiangsu province, has reduced its steel scrap procurement price by another Yuan 30/tonne ($4.3/t) for deliveries effective from August 8, the company announced the same day, just two days after the mill had slashed its scrap buying prices by the same amount.
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Jiangsu Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker headquartered in Zhangjiagang, East China’s Jiangsu province, decided to slash its steel scrap procurement price by Yuan 30/tonne ($4.3/t) for deliveries effective from August 6, the company said in an announcement the same day.
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Jiangsu Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker headquartered in Zhangjiagang, East China’s Jiangsu province, has decided to lift its steel scrap procurement price by Yuan 20-50/tonne ($3-7/t) for deliveries effective from July 30, the company said in an announcement the same day.
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Jiangsu Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker headquartered in East China’s Jiangsu province, lifted its steel scrap procurement price by Yuan 60/tonne ($8.7/t) for deliveries effective from July 19. The steelmaker made its intention known to dealers and agents late on Thursday, Mysteel Global understands.
