-
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.
-
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.
-
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.
-
Domestic prices of 400-series stainless cold-rolled (CR) sheet in Japan are showing signs of strengthening further, with distributors targeting higher offer prices, according to market sources in Tokyo and Osaka. The dealers are responding to tighter supplies and price increases tabled by the stainless mills, they said.
-
Over January-August, China’s fixed asset investment (FAI) grew 8.9% on year to about Yuan 34.7 trillion ($5.4 trillion), among the total, the funding in the property market increased 10.9% on year to Yuan 9.8 trillion, both posting slower growths than those over January-July, Mysteel Global noted from the data released by the country’s National Bureau of Statistics (NBS) on September 15.
-
By August, China’s national economy had been progressing with the recovery as well as transformation and upgrading, both unemployment rate and consumer goods prices had been largely stable, and all the major economic indicators in the reasonable ranges, the country’s National Bureau of Statistics (NBS) summarized in a release on September 15.
-
Over January-August, China's fixed asset investment (FAI) grew 8.9% on year to Yuan 34.7 trillion ($5.4 trillion), and among which, the funding in the property market increased 10.9% on year to Yuan 9.8 trillion, both being slower than growths over January-July, according to the release by the National Bureau of
-
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.
-
The performance of China’s auto industry declined for the fourth consecutive month in August, with automotive sales and production dropping by 17.8% and 18.7% on-year respectively, the latest data released by the China Association of Automobile Manufacturers (CAAM) published on September 10 showed.
-
By August, China’s Producer Price Index (PPI) for Industrial Products grew faster by 6.2% on year against the 5.7% for the first seven months, while the on-year growth in its Consumer Price Index (CPI) remained at 0.6% on year, as the former gained further on month by 0.7% in August while the latter inched up merely 0.1% on month, according to the latest data from the country’s National Bureau of Statistics (NBS) on September 9.
-
Nippon Steel Stainless Steel Corp (NSSC), Japan’s largest stainless producer, has raised its domestic list prices of the 300-series cold-rolled coil (CRC) and plate by Yen 20,000/tonne ($181/t) on month, and the 400-series CRC by Yen 10,000/t on month for September domestic sales to distributors mainly to transfer some of the rising input costs, a company official confirmed on September 9.
-
Over January-August, China's foreign trade value leapt by 23.7% on year to Yuan 24.78 trillion ($3.8 trillion), according to the latest release by the country's General Administration of Customs (GACC) on September 7. Within the total, the value of the country’s exports increased 23.2% on year to nearly Yuan 13.57 trillion, and that of imports gained 24.4% on year to about Yuan 11.22 trillion.
-
Over
January-August, China's foreign trade value grew by 23.7% on year to Yuan24.78 trillion ($3.8 trillion), among which, exports value
gained 23.2% on year to about Yuan 13.57 trillion, and imports grew 24.4% on
year to Yuan 11.22 trillion, according to the release by the country's
General Administration of Customs on September 7. A
-
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.
-
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.
-
In August, the Purchasing Managers’ Index (PMI) for China’s steel industry fell to a new low since March 2020, or down for the third consecutive month by another 1.3 basis points on month to 41.8, as both demand and supply declined, and the downward pressure on the industry intensified, the official index compiler - CFLP Steel Logistics Professional Committee (CSLPC) - shared in its release on August 31.
-
By August, the Purchasing Managers’ Index (PMI) for China’s manufacturing industry had slipped for the fifth consecutive month, down another 0.3 basis point on month to 50.1, though the index had been in the expansion zone for 18 months, according to the latest release by China’s National Bureau of Statistics (NBS) on August 31.
-
Over January-July, China’s sizable industrial firms saw their gross profits increase by 57.3% on year or 44.6% higher from the corresponding period of 2019, according to the latest release by the country’s National Bureau of Statistics (NBS) on August 27, suggesting a steady growth in demand and gradual recovery in national economy.
-
Toyota Motor, Japan’s largest automaker, has informed its auto parts suppliers of its plan to ramp up its auto manufacturing at the domestic plant by 30,000 units on month since November, and steel consumption from the automaker and its components suppliers, thus, will stay firm, sources in Nagoya and Tokyo that are close to Toyota shared.
-
In July, Japan’s crude steel output including carbon and special steel rose by 32.5% on year to about 8 million tonnes, or the fifth consecutive month with an on-year rise, though it was 1.3% lower than in June, according to the latest data released by the Japan Iron & Steel Federation (JISF) on August 23.
