Steel Downstream | Mysteel Global

Downstream
Steel Non-Ferrous

Date:

FEATURE-2: Beijing endeavouring to boost China economy Apr 03, 2020

Click here for part 1 of the feature How low China’s 2020 GDP growth will dip to? Before the sudden breakout of COVID-19, it was widely anticipated that China’s GDP growth would not slow down too much from the 6.1% growth achieved in 2019, may be at around 5.8-6% for 2020. The pandemic,
China Q1 truck sales down 18% YoY, April bounce tipped Apr 03, 2020

China’s sales of heavy-duty trucks in the 14- to 100-tonnes class in this year’s first quarter decreased 18% on year to some 267,200 units, mainly due to the negative effect of the COVID-19 outbreak nationwide, according to the latest data from Commercial Vehicle World (CVWorld).
China Mar auto consumption index up 123%, but stays low Apr 03, 2020

China’s Vehicle Consumption Index surged 123% or by 34.7 on month to record 63 in March, but remained much lower than the benchmark of 100, due to lower consumer incomes and the public’s hesitation to spend in the wake of the COVID-19 crisis and the faltering domestic economy, according to the latest statistics of China Automobile Dealers Association (CADA) for April.
Japan’s auto makers in China to use more steel this month Apr 03, 2020

Production at Japan-invested automotive plants in China will pick up this month as the Japanese car giants attempt to make up for the output they lost when forced to idle operations from late-January over the COVID-19 crisis, trading sources in Tokyo told Mysteel Global on April 3.
China’s MCC successfully diversifies from metallurgy Apr 02, 2020

Metallurgical Corporation of China Ltd (MCC), China’s largest construction and engineering service provider, saw its business model further diversifying from the traditional metallurgical projects in 2019, as the revenue from the sector decreased to 22.5% of the total from the 25.1% for 2018, according to the company’s latest annual report released on April 1.
China extends NEV subsidy by 2 years to boost auto market Apr 01, 2020

China has decided to prolong the granting of subsidies on new-energy vehicles (NEVs) as well as the exemption of purchase tax on them by two years to 2022, according to a news video from the official website of China’s State Council broadcast late on March 31. The new policy is to stimulate automobile purchases amid the slowing national economy.
China’s auto sales steadily recover, stimulus introduced Mar 27, 2020

Passenger car sales across China have been recovering steadily during the first three weeks of this month as local governments have introduced stimulus packages to help the industry after car buyers recoiled from purchasing amid the COVID-19 crisis, Mysteel Global has learned.
China’s auto output, sales to decline 45% in Q1 Mar 20, 2020

China’s auto production and sales are forecast to slump by a huge 45% in the first quarter of 2020 and decline by 25% in the first half of this year, Ye Shengji, deputy secretary general of China Association of Automobile Manufacturers warned on March 18.
China’s new vessel orders surge 41% in Jan-Feb Mar 19, 2020

China’s shipbuilders saw their new vessel orders increase by 41.4% on year over January-February, according to the latest release by China Association of the National Shipbuilding Industry (CANSI) published on March 18. The leap in orders during this year’s first two months was mainly due to the low base for the same period last year, however.
NBS: China white goods output plunges over Jan-Feb Mar 18, 2020

Chinese production of air conditioners, refrigerators, televisions and washing machines plunged during the first two months of 2020, mainly as a result of the overall impact of COVID-19 on the operations of domestic industrial enterprises.
CAAM: China Feb auto sales free fall amid COVID-19 Mar 13, 2020

As market had expected, both China’s auto sales and production slumped in February as the COVID-19 hit China’s economy and many industrial sectors hard, and the sales fell 79.1% on year and the production decreased 79.8% on year, the latest release from the China Association of Automobile Manufacturers (CAAM) on March 12 confirmed the dismal.
CCMA: China’s Feb excavator sales halve on year Mar 12, 2020

China’s excavator sales including the domestic and overseas markets more than halved to 9,280 units for February, according to the latest data from China Construction Machinery Association (CCMA) on March 11, mainly as the domestic demand was affected seriously by the COVID-19 when most of China was at a standstill for most of the last month.
UPDATE: 58% of Chinese construction projects resume work Mar 12, 2020

Happily for China’s construction steel suppliers, work has now resumed at over 58% of construction projects nationwide including both real estate development and infrastructure projects after the prolonged Chinese New Year holiday, according to China’s Ministry of Housing and Urban-Rural Development (MOHURD) on March 10. But the difficulties some workers are encountering returning to their worksites and shortages of medical supplies remain a problem, the ministry admitted.
CCMA: China’s Jan yellow goods sales reverse down 15.4% Feb 19, 2020

China’s January sales of excavators at the domestic market and exports fell on year for the first time since last June, down 15.4% on year to 9,942 units, according to the latest data released by the China Construction Machinery Association (CCMA) on February 19, because of a shorter working month with the Chinese New Year (CNY) holiday in late January and substantial declines in domestic sales.
FEATURE: SASAC calls for restart of construction firms Feb 18, 2020

State-owned Asset Supervision and Administration Commission (SASAC), a ministerial-level organization under the direct governance of China’s State Council, called for China’s state-owned construction and engineering companies to “conquer the hardship caused by Novel Coronavirus Pneumonia (NCP) and resume work as soon as possible” in its post on the website on February 15.
FEATURE: CNY – not NCP – hits China’s auto sector in Jan Feb 14, 2020

China’s auto-manufacturers and motor dealers got off to a bumpy start this year, with January vehicle output and sales plunging on-year and on-month, according to a grim prediction made by the China Association of Automobile Manufacturers (CAAM) based on data gathered from key enterprises and groups. The long Chinese New Year holiday late last month was chiefly to blame for the falls, CAAM explained.
CISA: China’s steel demand to accelerate after NCP Feb 14, 2020

China’s steel demand from the construction sector may decline, from the manufacturing may remain steady, while steel exports are still too early to assess for the whole 2020 because of the outbreak of the Novel Coronavirus Pneumonia (NCP), He Wenbo, secretary general of the China Iron & Steel Association (CISA), shared at an exclusive interview with China Metallurgical News on February 13.
MYSTEEL: Chinese shipbuilding braces for NCP hit in ‘20 Feb 13, 2020

Just as the shipbuilding industry globally and across China struggles with oversupply challenges, the outbreak of Novel Coronavirus Pneumonia (NCP) is dealing a further blow to China’s shipbuilding sector, the impact of which might continue to reverberate throughout the full course of this year, Mysteel’s latest report published on February 12 indicated.
MYSTEEL: NCP impact on 2020 white goods sector ‘minimal’ Feb 13, 2020

The outbreak of Novel Coronavirus Pneumonia (NCP) will give a jolt to China’s white good industry in the short term but over the full course of this year, the epidemic is seen as unlikely to have great influence on this industry, Mysteel’s latest report published on February 11 indicated.
China’s robust heavy-duty truck sales sustain in January Feb 05, 2020

China’s sales of 14-100 tonne heavy-duty trucks for January increased 26% on month or 18% on year, continuing with its robustness since 2019 when the annual sales having hit the best yearly record, according to the latest data released on February 5 by the Beijing-headquartered Commercial Vehicle World (CVWorld), an information collector of vehicles for business use.

Pre 1 2 3 4 5 Next

Product	Grade	Size	Price	Chg	Port
Billet	3SP/Q235	150*150	490	0	Tianjin
Rebar	HRB400	20*12	500	-10	Tianjin
HRC	Q235B	5.51500C	518	-15	Talian
Plate	Q345B	1218002000	515	-20	Tianjin
CRC	SPCC	1.0*1250	535	0	Tianjin
Galvanized	SGCC	0.31000C	665	0	Tianjin

Downstream
Steel Non-Ferrous

FEATURE-2: Beijing endeavouring to boost China economy Apr 03, 2020

China Q1 truck sales down 18% YoY, April bounce tipped Apr 03, 2020

China Mar auto consumption index up 123%, but stays low Apr 03, 2020

Japan’s auto makers in China to use more steel this month Apr 03, 2020

China’s MCC successfully diversifies from metallurgy Apr 02, 2020

China extends NEV subsidy by 2 years to boost auto market Apr 01, 2020

China’s auto sales steadily recover, stimulus introduced Mar 27, 2020

China’s auto output, sales to decline 45% in Q1 Mar 20, 2020

China’s new vessel orders surge 41% in Jan-Feb Mar 19, 2020

NBS: China white goods output plunges over Jan-Feb Mar 18, 2020

CAAM: China Feb auto sales free fall amid COVID-19 Mar 13, 2020

CCMA: China’s Feb excavator sales halve on year Mar 12, 2020

UPDATE: 58% of Chinese construction projects resume work Mar 12, 2020

CCMA: China’s Jan yellow goods sales reverse down 15.4% Feb 19, 2020

FEATURE: SASAC calls for restart of construction firms Feb 18, 2020

FEATURE: CNY – not NCP – hits China’s auto sector in Jan Feb 14, 2020

CISA: China’s steel demand to accelerate after NCP Feb 14, 2020

MYSTEEL: Chinese shipbuilding braces for NCP hit in ‘20 Feb 13, 2020

MYSTEEL: NCP impact on 2020 white goods sector ‘minimal’ Feb 13, 2020

China’s robust heavy-duty truck sales sustain in January Feb 05, 2020

Daily Prices

Prices Summarization

FOB prices of steel products on August 6

Downstream Steel Non-Ferrous

FEATURE-2: Beijing endeavouring to boost China economy Apr 03, 2020

China Q1 truck sales down 18% YoY, April bounce tipped Apr 03, 2020

China Mar auto consumption index up 123%, but stays low Apr 03, 2020

Japan’s auto makers in China to use more steel this month Apr 03, 2020

China’s MCC successfully diversifies from metallurgy Apr 02, 2020

China extends NEV subsidy by 2 years to boost auto market Apr 01, 2020

China’s auto sales steadily recover, stimulus introduced Mar 27, 2020

China’s auto output, sales to decline 45% in Q1 Mar 20, 2020

China’s new vessel orders surge 41% in Jan-Feb Mar 19, 2020

NBS: China white goods output plunges over Jan-Feb Mar 18, 2020

CAAM: China Feb auto sales free fall amid COVID-19 Mar 13, 2020

CCMA: China’s Feb excavator sales halve on year Mar 12, 2020

UPDATE: 58% of Chinese construction projects resume work Mar 12, 2020

CCMA: China’s Jan yellow goods sales reverse down 15.4% Feb 19, 2020

FEATURE: SASAC calls for restart of construction firms Feb 18, 2020

FEATURE: CNY – not NCP – hits China’s auto sector in Jan Feb 14, 2020

CISA: China’s steel demand to accelerate after NCP Feb 14, 2020

MYSTEEL: Chinese shipbuilding braces for NCP hit in ‘20 Feb 13, 2020

MYSTEEL: NCP impact on 2020 white goods sector ‘minimal’ Feb 13, 2020

China’s robust heavy-duty truck sales sustain in January Feb 05, 2020

Daily Prices

Prices Summarization

FOB prices of steel products on August 6

Downstream
Steel Non-Ferrous