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China’s automobile industry is expected to witness further declines in 2020 as it enters a period of low-speed, high-quality development, with auto sales likely to dip by 2% from this year, predicted Shi Jianhua, deputy secretary general of China Association of Automobile Manufacturers (CAAM) at the Mysteel Bulk Commodities Week 2019 Special Steel Seminar on December 13.
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China’s auto production for November posted the first year-on-year increase since June 2018, up 3.8% on year or 13% higher on month to about 2.6 million units, and the auto sales went down 3.6% on year though still down 7.6% on month, according to the latest statistics from the China Association of Automobile Manufacturers (CAAM) on December 10.
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China’s domestic and export sales of excavators and other heavy machinery over January-November increased by 15% on year to reach 215,538 units, according to the latest data released by the China Construction Machinery Association (CCMA) on December 10. The increase over the eleven months was also larger than the 14.5% on-year rise for January-October.
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China’s shipbuilding industry hasn’t fared well at all so far in 2019, with the few key indicators declining on year amid the several crosscurrents that have been impacting its performance. Dry bulk freight carriers, the model that China has been with the great expertise in building, have been with more than sufficient capacities, while for high-end vessels such as oil and gas tankers that are in hot demand now in the global freight market, Chinese shipbuilders are not as competitive as its South Korean counterparties.
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The link to the Feature P1: https://www.mysteel.net/article/5012052/FEATURE--Chinas-shipbuilders-in-rough-water-Part-1.html
Is the global shipping market at the dawn of reviving?
The global shipping market bid goodbye to its glory days in 2008 and since then has been largely mired in recession, when the financial crisis hit the world economy and global seaborne markets both for
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Two wholly state-owned Chinese shipbuilders formally integrated into a single shipbuilding giant on November 26, a union seen as helping to improve industry concentration, expand the enterprise’s scale and enhance its competitiveness. However, industry watchers canvassed by Mysteel Global on November 29 cautioned that any positive influence from the merger will not show itself in the market in the short run.
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Construction works in the ASEAN country will be done faster, better in quality, and less rework, should the region embrace new technology such as real-time data collection, analysis, and modelling in the sector, Wikrom Vajragupta, chairman of Thailand Iron & Steel Industry Club, the Federation of Thai Industries, shared at the 2019 ASEAN Iron & Steel Sustainability Forum in Jakarta.
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With the growing need for steel in Indonesia, particularly higher-strength steel for both infrastructure construction and civilian use, state-owned PT Krakatau Steel (Persero) Tbk (PTKS) has been upgrading its steel products to suit the country’s needs, two company officials shared at the 2019 ASEAN Iron & Steel Sustainability Forum in Jakarta, Indonesia, on November 26.
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There’s huge growth potential for steel for Indonesia’s construction sector if the country could utilize more steel in public-works construction projects such as bridges, Dr Iswandi Imran, from Bandung Institute of Technology in Bandung, West Java, shared at the 2019 ASEAN Iron & Steel Sustainability Forum in Jakarta, Indonesia, on November 25.
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The Indian steel sector which is reeling under the pressure of tepid domestic demand is going to see support from the Energy Infrastructure in the next few years, Union Steel Minister Shri Dharmendra Pradhan said in the ISA (Indian Steel Association) Conclave being held in Delhi.
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China seems set to continue with efforts aimed at encouraging consumption in steel-intensive industries including automobile and home appliance manufacturing which could stimulate demand for steel products such as coated sheet and specialty steels. However, market watchers canvassed by Mysteel Global warn that the positive impact could be limited.
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China’s production of the four major home appliance showed diverged results again in October, with output of air conditioners witnessing a decline of 2.1% on year or by a large 25.3% on month, according to the latest data released by China’s National Bureau of Statistics (NBS).
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China’s automobile market still has large growth potential and is still the world’s most promising, even though the country’s economy will continue to face downward pressure in 2020 and consumer confidence is unlikely to rebound, according to Liu Ming, a senior official from the Department of Informatization and Industry Department under the State Information Center (SIC).
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Chinese shipbuilders received fewer new vessel orders over January-October, with the ten-month total reaching 21.2 million dead weight tonnes (dwt), down 25.6% on year, according to the latest statistics from China Association of the National Shipbuilding Industry (CANSI). In October alone, new vessel orders plunged by 54% on month to 1.72 million dwt.
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China’s National Development and Reform Commission (NDRC) has shed more light on a series of subtle and indirect economic stimulus efforts being pondered at its monthly press conference on November 15 in Beijing, and China’s steel market has sourced great support from these, as many of them relate to steel consumption.
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China’s auto industry posted slower declines in both sales and production up to October compared with the paces over January-September, with the former down 9.7% on year and the latter down 10.4% on year, according to the latest statistics from the China Association of Automobile Manufacturers (CAAM) on November 11.
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China’s sales of excavators and other heavy machinery over January-October increased by 14.4% on year to 196,222 units, a historical high, according to the latest data released by the China Construction Machinery Association (CCMA) on November 9.
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Production of the four most popular electrical home appliances in China showed diverged results over the first nine months of this year, with output of the top contributor – air conditioners – showing a year-on-year increase of 6.4% to reach 170 million units, according to the latest data from China’s National Bureau of Statistics (NBS). However, the growth rate was 1.5 percentage points lower compared with that over January-August.
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Domestic production and sales of new-energy vehicles (NEVs) across China are showing signs of weakness, largely as a consequence of the central government’s move to reduce generous subsidies on NEVs that over the past few years had helped automakers to enjoy substantial growths in electric car sales.
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Chinese shipbuilders received 19.5 million dead weight tonnes (dwt) of new vessel orders during this year’s January-September period, down 27.4% on year, according to the latest statistics from China Association of the National Shipbuilding Industry (CANSI) published on October 16. However, the margin of decline was much smaller than the on-year decrease seen over the first eight months of nearly 38%, Mysteel Global noted.
