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China’s fixed asset investment (FAI) continued to grow in the last month of 2020, and the whole year’s total FAI grew 2.9% on year, up 0.3 percentage point from the gain in the first eleven months, among which the funding in the property market grew more substantially by 7% on year for 2020, or 0.2 percentage point more than the rise for the first eleven months, according to latest release by the country’s National Bureau of Statistics (NBS).
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China's gross domestic product (GDP) grew 2.3% on year for the whole 2020, with the growth for the fourth quarter scoring 6.5% on year, or higher than the 4.9% on year for the third quarter, and the performance of the major sectors had been better than expected, according to the
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China’s fixed asset investment grew 2.9% on year during full year 2020, or 0.3 percentage point higher than that for the first eleven months, among which, the funding in the property grew 7% on year or 0.2 percentage point higher than the gain over January-November, according to the latest release
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China's 2020 crude steel output grew 5.2% on year to about 1.05 billion tonnes, with the December volume up 7.7% on year to 91.3 million tonnes, according to the latest release from the country's National Bureau of Statistics. A detailed report will be posted soon.
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China’s finished steel imports totaled 20.2 million tonnes for 2020, or up 64.4% on year, according to the Latest statistics from the country’s General Administration of Customs (GACC) on January 14, a new high since 2006 when Mysteel started archiving the GACC data, mainly due to the country’s fast recovery from the impact of the COVID-19 and the affordability of the overseas supplies.
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China’s steel imports increased 64.4% on year to 20.2 million tonnes, while itssteel exports continued to decline, down 16.5% on year to53.7 million tonnes for the whole year last year,according to the latest statistics from China’s General Administration of Customs. A detailed report will be posted soon.
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No one would have expected the steelmaking raw materials prices including iron ore, coke and scrap to have attempted multi-year highs in December, a usual off season for steel consumption and production, but the year 2020 had been proven anything but normal, and many iron ore traders ended their 2020 in frustration, as iron ore prices shot up for seemingly no reason at all.
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China’s Purchasing Managers’ Index (PMI) for the domestic manufacturing industry eased by 0.2 basis point on month to 51.9 for December, but having been above the benchmark of 50 for the tenth month, indicating the steady recovery in the country's manufacturing sector, according to the latest release from China's National
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China’s Purchasing Managers’ Index (PMI) for the steel industry reversed down by 3.4 basis points on month to 45.8 for December, with both demand and supply having shown signs of cautiousness in the last month of 2020, according to the latest release from the CFLP Steel Logistics Professional Committee. A
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China’s pig iron output totalled 812.9 million tonnes over January-November, up 4.2% on year but the growth was slightly lower than 4.3% gain for January-October and below the 5.5% on-year rise in the country’s crude steel output in the first eleven months, according to the latest release by the country’s National Bureau of Statistics (NBS) on December 15.
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China’s overall fixed asset investment (FAI) and that in the property market both grew faster over January-November, up 2.6% and 6.8% respectively, being 0.8 and 0.5 percentage point higher for those over the first ten months of 2020, according to latest data from the country’s National Bureau of Statistics (NBS) on December 15.
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China’s national economy had been recovering steadily until November, with industrial and service sectors continuing to improve, investment and consumption also changing for the better, and both employment and consumers goods’ prices largely stable, the country’s National Bureau of Statistics (NBS) summarized in the latest release on December 15.
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China's fixed asset investment grew 2.6% on year over January-November, or 0.8 percentage point higher than that for the first ten months, among which, the funding in the property grew 6.8% on year or 0.5 percentage point higher than the gain over January-October, according to the latest release by the
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China's crude steel output grew 5.5% on year to about 961 million tonnes over January-November, with the output for November alone up 8% on year to 87.7 million tonnes, according to the latest release by the country's National Bureau of Statistics. A detailed report will be posted soon.
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China exported a total of 48.8 million tonnes of finished steel over January-November, down 18.1% on year, while its finished steel imports surged 74.3% on year to 18.9 million tonnes over the same period, according to the latest statistics released by the country’s General Administration of Customs on December 7.
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China’s steel exports totaled 48.8 million tonnes over January-November, down 18.1% on year, but the decline rate was slower than the 19.3% on-year drop in the first ten months. The country’s steel imports grew a larger 74.3% on year to 18.9 million tonnes over January-November, according to the latest statistics
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Over January-November, China's foreign trade value totalled Yuan 29 trillion ($4.44 trillion), or up 1.8% on year, among which, exports value grew 3.7% on year to Yuan 16 trillion, while imports still posted a on-year decline, down 0.5% to Yuan 12.9 trillion, according to the latest release by the country's
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At a closed-door conference held in Beijing on November 29, Chinese government bodies including the Ministry of Ecology and Environment finally approved new classification standards for the country’s steel scrap sector. Though the details are yet to be released, the new standards classify categories of steel scrap and are comparable to those in use internationally, paving the way for China to re-open its ports to approved types of foreign steel scrap, Mysteel Global notes.
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China’s Purchasing Managers’ Index (PMI) for its manufacturing industry recovered by 0.7 basis point on month to 52.1 for November, or above the benchmark of 50 for the ninth month, indicating the pick-up in pace of recovery in the country's manufacturing sector, according to the latest release from the country's
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China’s Purchasing Managers’ Index (PMI) for the steel industry rose by 3.5 basis points on month to 49.3 for November, with both demand and supply having shown signs of further growths for the second month, according to the latest release from the CFLP Steel Logistics Professional Committee. A detailed report
