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China’s production of both coal and coke were recorded higher on month in August, up 5.4% and 3.4% respectively, according to the latest data released by the country’s National Bureau of Statistics (NBS) on September 14.
As for raw coal including both thermal and coking coal, China’s August output reached 296.6
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China’s daily crude steel output continued to slide in
August, losing another 1.1% month on month to an average of 2.59 million
tonnes/day, Mysteel calculated basing on the latest data released by the
National Bureau of Statistics (NBS) on September 14.
For the whole August, China’s crude steel output was
recorded at 80.3 million tonnes,
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This winter, work on construction sites in North China is likely to slow or be suspended no earlier than the traditional beginning of the season – around November 15 – in line with government-backed efforts to reduce dust and other sources of atmospheric pollution, Mysteel has learned.
“We haven’t received any
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China’s imports of metallurgical coal, thermal coal and
lignite in August dipped by a small 1.1% or 330,000 tonnes on month to 28.68
million tonnes, according to the latest data released by China's General
Administration of Customs on September 8. During this year’s first eight
months, the total import volume was 14.7% higher on
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China’s August iron ore imports remained largely stable at 89.4 million tonnes, or merely down 0.7% on month, and the country’s iron ore imports in the first eight months totalled 710 million tonnes, according to the statistics released by China’s General Administration of Customs on September 8.
For August, the year-on-year
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The Purchasing Managers’ Index for China’s domestic steel industry declined in August, albeit by a tiny 1.4 basis points on month, to 53.4, according to index compiler, CFLP Steel Logistics Professional Committee. Nevertheless, though still in positive territory this brought an end to a five-month run of increases, showing that the sector’s growth pace has slowed down, CSLPC said. The result was still above the threshold of 50 connoting growth, Mysteel notes.
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After a month of frequent increases, Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker and headquartered in East China’s Jiangsu province, has decided the market has peaked and has slashed its steel scrap procurement prices by Yuan 50/tonne ($7.3/t), according to the company’s announcement on August 31.
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China’s Purchasing Managers’ Index (PMI) for the manufacturing industry nudged up 0.1 basis point on month to 51.3 for August, or staying above the benchmark 50 for the 25th successive month, indicating a continuing expansion, according to the latest release by China’s National Bureau of Statistics on August 31.
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China will only promote coal capacities with efficiency and advancement in technology in the country’s domestic supply in 2018 and beyond, Liu Hong from Energy Research Institute of National Development and Reform Commission reiterated at an industrial event in Shanghai on August 22.
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China’s coal traders are ready for the country to impose an additional 25% tariffs on the coal imported from the US at 1201 Beijing time on August 23 should the US proceed with its threat with 25% tariffs on more Chinese products valuing $16 billion, attendees at an industrial event in Shanghai said.
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China’s daily crude steel output last month failed to reach the all-time-high set in June, albeit not by much, losing 2% on month to an average of 2.62 million tonnes/day, the same average recorded in May, according to the latest data released by the National Bureau of Statistics (NBS) on August 14. The June average was 2.67 million t/d.
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China produced 35.5 million tonnes of coke in July, some 1.7% down on month and 4.3% lower on year, according to data released by China’s National Bureau of Statistics on August 14. The same month, China’s raw coal output dipped 5.5% on month or 2% on year to 281.5 million tonnes, the statistics show.
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Daily crude steel output among China’s major steel mills over July 21-31 averaged 1.91 million tonnes/day, lower by 2.5% or 49,000 t/d from the average during the ten days prior, according to the latest data released by the China Iron and Steel Association (CISA) on Friday.
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China’s imports of metallurgical coal, thermal coal and lignite in July rose by a strong 13.9% on month to 29 million tonnes, according to new data released by China's General Administration of Customs on August 8. Over January-July, total imports were 15% higher on year at 175.2 million tonnes.
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China exported a total of 5.88 million tonnes of finished steel products in July, the latest data released by China’s General Administration of Customs (GACC) showed on August 8.
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China’s iron ore imports recovered in July, rising by 6.72 million tonnes or 8.1% on month to 89.96 million tonnes, according to the latest release by the country’s General Administration of Customs on August 8.
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Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker in East China’s Jiangsu province, has lifted its steel scrap procurement price by another Yuan 150/tonne ($22/t) on average effective on August 7, or the second time so far in August since August 2.
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The September iron ore contract on China’s Dalian Commodity Exchange (DCE) hit a nearly five-month high on Monday, mainly as China’s iron ore market sentiment will stay bullish for the next two months on the possibility of a supply tightness of imported iron ore mainly from Australia.
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Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker headquartered in Zhangjiagang city in East China’s Jiangsu province, has decided to lift its steel scrap procurement prices by Yuan 100/tonne ($14.8/t), the steelmaker said in an announcement on August 2.
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Steelmakers in Tangshan city in North China’s Hebei province, already weighed down by production constraints in force during July 20 to August 31, have been ordered to implement stricter curbs to 50% of operative capacity of their sintering, shaft furnace and lime kiln facilities during August 1-5, a Tangshan-based industry source confirmed on August 1. From August 6 onwards, the mills will revert to the level of reductions proscribed in the current schedule.
