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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'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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Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker headquartered in Zhangjiagang city in East China’s Jiangsu province, has lowered its procurement price for steel scrap again, clipping Yuan 30/tonne ($4.2/t) off buying prices for all grades effective from October 18 deliveries, the company announced on Friday morning. Shagang has now cut its scrap prices three times since October 13 by a total of Yuan 90/t, Mysteel Global notes.
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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.
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China's crude steel output grew 8.4% on year to 747.8 million tonnes over January-September, with the September volume up 2.2% on year to around 82.8 million tonnes. A detailed report will be posted soon.
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Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker headquartered in East China’s Jiangsu province, announced on October 17 to cut its steel scrap procurement price for the second time in a week by another Yuan 30/tonne ($4.2/t) effective from October 17 deliveries.
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Production summary
Source: Rio Tinto, released on October 16
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China’s Purchasing Managers’ Index (PMI) for the manufacturing industry rebounded 0.3 basis point on month to 49.8 for September, as situation both in domestic market and exports improved marginally, according to the latest release from China’s National Bureau (NBS) of Statistics on September 30.
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The aggregated gross profit of China’s ferrous smelting and processing industry for the January-August period totalled some Yuan 181.8 billion ($25.6 billion), a 31.3% year-on-year plunge and the second steepest decline among all the sectors the National Bureau of Statistics (NSB) monitored last month.
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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.
