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The shortage of semiconductors for auto applications continues to impact vehicle manufacturing in China but the problem is likely to ease this quarter compared with Q3, officials from the country's Ministry of Industry and Information Technology (MIIT) maintained at a press conference in Beijing held on October 19.
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China’s shipbuilding and steel industries have been promoting cooperation recently in order to better defend themselves against surging steel prices and unstable steel supply, according to a report on China’s state media CCTV on October 13.
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Chinese shipbuilders received 54.2 million deadweight tons (dwt) of new vessel orders over January-September, higher by a massive 223.3% on year, according to a new release from the China Association of the National Shipbuilding Industry (CANSI) on October 15.
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Japan’s core machinery orders from domestic users other than shipbuilders and power equipment makers declined by 2.4% on month in value to Yen 839.3 billion ($7.4 billion), according to a release by the Japanese government’s Cabinet Office on October 13.
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In September, China’s excavators sales at home and abroad declined on year for the fifth straight month and at a faster pace of 22.9% to 20,085 units, though it was up on month for the second month by 11.1%, according to the data released by the China Construction Machinery Association (CCMA) on October 12, mainly due to the waning demand domestically and high base of last year, according to market sources.
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Japanese demand for carbon and special steel in ‘crude’ steel equivalent for both domestic sales and export will rise 0.8% on quarter during the present October-December period to 24.11 million tonnes, according to the latest forecast released by Japan’s Ministry of Economy, Trade and Industry (METI) on October 8.
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Sales of heavy-duty trucks in China last month plunged by some 60% on year to around 60,000 units, according to a preliminary estimate released by Beijing-headquartered Commercial Vehicle World (CVWorld) on September 30. If CVWorld’s estimate proves correct, monthly sales will have fallen on year for five consecutive months, Mysteel Global notes.
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In September, China's Purchasing Managers' Index (PMI) for steel industry recovered from a three-month decline, up by 3.2 basis points on month to 45, though still in the contraction zone since June 2020, as domestic steel production fell but demand recovered, and steel prices increased, the official index compiler - CFLP Steel Logistics Professional Committee (CSLPC) - shared in the release on September 30.
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The on-year growth in Chinese automakers’ total profits already slumped to a single digit by the end of August, up 5.5% on year for the first eight months against the 19.7% on-year increase over January-July, the China Association of Automobile Manufacturers (CAAM) pointed out in a post on September 28.
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Nippon Steel, Japan’s largest integrated mill, will not produce crude steel at Kure area of Setouchi Works in western Japan anymore with the second and the also the last blast furnace shut down on September 29 as planned as part of the corporate restructuring, a company official confirmed on Wednesday.
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In August, Japan’s crude steel output including carbon and special steel rose by 22.9% on year to about 7.92 million tonnes, or the sixth consecutive month with an on-year rise, though it was down 1% on month, according to the latest data from Japan Iron & Steel Federation (JISF), which was partially to do with low base in 2020, according to market sources.
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Over January-August, China’s production of four key electrical home appliances including air-conditioners, televisions, washing machines and refrigerators posted further slow-downs in growths or an on-year decline for television, and three of the four posted on-year declines in output for August, according to the data released by China’s National Bureau of Statistics (NBS) on September 17.
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In August, Japan’s steel exports of all categories and all grades and forms approximated 2.92 million tonnes, up 13.7% on year but 3.5% lower on month, according to the preliminary data released by Japan’s Ministry of Finance on September 16, which was probably due to the delay in the shipment over heavy rainfalls last month.
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Japan’s core machinery orders from domestic users excluding shipbuilders and power equipment makers improved by 0.9% on month in value to Yen 859.7 billion ($7.86 billion), according to a release by the Japanese government’s Cabinet Office on September 15.
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Chinese shipbuilders received new vessel orders totalling 49.1 million deadweight tons (dwt) over January-August, higher by a massive 227.2% on year, according to the latest release from China Association of the National Shipbuilding Industry (CANSI) on September 15. The growth was even more remarkable than the 223.2% on-year leap for the first seven months, Mysteel Global noted from the data.
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Toyota Motor, Japan’s largest auto maker, will deepen the cuts on its September auto output globally to 430,000 units than the planned 360,000 units announced on August 19, mainly due to limited improvement in deliveries of auto components from Southeast Asia amid the latest wave of the COVID-19 in the region, according to a company official on September 10.
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In August, China’s excavators and heavy machinery sales at home and abroad declined on year for the fourth month and at a faster pace of 13.7% to 18,075 units, though it was up 4.2% on month, Mysteel Global understood from the data released by the China Construction Machinery Association (CCMA) on September 7, partly as last year’s base was quite high when government had put great efforts in stimulating domestic economies.
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In August, Japan’s Purchasing Managers’ Index (PMI) for its manufacturing industry ebbed from the recent high in July, down 0.3 basis points on month to 52.7, mainly due to the adverse impact of the rising COVID-19 cases both domestically and in Southeast Asia, according to data released on September 1 by index compiler au Jibun Bank Corporation, though the country’s manufacturing had been in expansion since February, Mysteel Global notes.
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Global output among Japan’s eight major automakers approximated 1.95 million units in July, or the first month with an on-year decline of 1.6% since January 2021, Mysteel Global calculated based on each maker’s production data released by the end of August, and the decline was largely due to the IC-chip shortage globally, sources shared.
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Sales of heavy-duty trucks in China in August will probably decline by 52% on year, according to a preliminary estimate released by Beijing-headquartered Commercial Vehicle World on August 31. If CVWorld’s forecast proves correct, monthly sales will have fallen on year for four straight months.
