Steel Raw Materials Economy

Economy

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,
FEATURE-1: Beijing endeavouring to boost China economy Apr 03, 2020

China has been injecting funding via various means such as government bonds for specific use, taxation reliefs, and subsidizing rentals and others to help support and revitalize the national economy after a stalling economy since late January for almost two months during the fight against the COVID-19.
ANALYSIS: Rebar-HRC price spread to remain wide in Apr Apr 03, 2020

The price spread between rebar and hot-rolled coil (HRC) in China’s domestic market will probably remain at the present over Yuan 200/t or even enlarge this month, as downstream demand for flat has not recovered as much as that for long, market sources shared at the start of April.
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.
NBS: China Mar manufacturing PMI recovers to 52 Mar 31, 2020

China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry rebounded by 16.3 basis points from February to 52 after having in contraction in February, though the national economy is by no means back to the normal level, according to the latest release from China’s National Bureau of Statistics (NBS) on March 31.
India: Dhamra Port Declares Force Majeure Mar 27, 2020

Dhamra Port Company Ltd. has declared force majeure amid the deadly Novel Corona Virus Disease (COVID 19) which has erupted worldwide and declared Global Pandemic by WHO, SteelMint learned from its sources. The force majeure is put to effect from 07:00 hrs on 22nd Mar’20.
BLOG: COVID-19 impact on China steel mills reverberates Mar 26, 2020

March 25 was the date when Hubei in Central China returned to the national connection network with the gradual resumption of its road, rail and air transportation. For the prior two months since January 23, the province had been in lockdown starting from Wuhan, the epicentre of the COVID-19, to prevent the contagion spreading nationwide.
NBS: China Jan-Feb FAI down 24.5%, property down 16.3% Mar 16, 2020

China’s fixed asset investment (FAI) had been hit hard by the outbreak of COVID-19 across the country over the first two months, having plunged 24.5% on year, or a free fall from the 5.4% year-on-year growth for the whole 2019, and the FAI in the property market also plummeted 16.3% on year, according to the latest statistics from the country’s National Bureau of Statistics (NBS) on March 16.
FLASH: CHINA'S JAN-FEB FAI DOWN 24.5% ON YEAR Mar 16, 2020

China’s fixed asset investment (FAI) plunged 24.5% on year over January-February, and that in the property market plummeted 16.3% on year, according to the latest statistics from the National Bureau of Statistics. A detailed report will be posted soon.
China’s DCE preparing for LPG futures, options launch Mar 11, 2020

The Dalian Commodity Exchange (DCE) headquartered in Northeast China’s Liaoning province is progressing with the launch of liquified petroleum gas (LPG) futures and options contracts, Mysteel Global has learned. The exchange is currently collecting public feedback about the contract designs and will accept submissions until March 13.
China’s Jan-Feb foreign trade suffers $7.1 billion deficit Mar 09, 2020

China’s foreign trade slumped to a serious deficit of Yuan 42.6 billion or $7.09 billion for the first two months of 2020, as against a surplus of Yuan 293.5 billion or $41.45 billion a year ago, because of the prolonged Chinese New Year holiday and the virus outbreak, China’s General Administration of Customs explained on March 7.
BLOG: Iron ore prices amaze or annoy many for 2020 Mar 09, 2020

Nowadays, when I am counting my blessings, I will put one in the daily list, which is that I have never ever thought of testing my market understanding by trading iron ore in the physical or paper markets myself despite having been closely monitoring the market since 2004.
FEATURE-2: China raw material supplies up, and steel? Feb 27, 2020

Click here for the first part of the feature Heavy-duty trucking needs more time back to full mode When steelmaking raw materials transportation by water and by rail has been steadily and gradually recovering to their normal levels since early February especially in the past two weeks, iron ore transhipment from sea ports to
FEATURE-1: China raw material supplies up, and steel? Feb 27, 2020

If the Chinese steel mills only needed the raw materials supplies to pick up so that they could run smoothly, then the recent progress in the domestic logistics service since mid-February should have been rather enchanting.
FEATURE: China’s property developers in deep water Feb 21, 2020

China’s 81 property enterprises have filed for bankruptcy since the start of 2020, according to the official data from the People’s Court Announcement, as their promotional efforts including discounts have been futile in selling off their housing stocks so far when people dare not even step out of the door most of the time since the nationwide outbreak of Novel Coronavirus Pneumonia (NCP) in latest January.
MACRO: Beijing calls for key industries to resume asap Feb 12, 2020

China’s central government has called for “business resumption, especially in key industries, as soon as possible”, even though the battle against the Novel Coronavirus Pneumonia (NCP) is still ongoing, senior officials from four top-level governing bodies including the National Development and Reform Commission (NDRC) stated at a joint press conference in Beijing on February 11.
China Customs to release Jan-Feb data in March since 2020 Feb 10, 2020

China’s General Administration of Customs announced on February 7 that it will release January-February cumulative data in March starting 2020.
Virus outbreak not to shake China economic fundamentals Feb 05, 2020

Lian Weiliang, vice head of China’s National Development and Reform Commission (NDRC), emphasized at a press conference on February 3 in Beijing that the impact of the Novel Coronavirus (2019-nCoV) outbreak on China’s economy will be temporary and short-term.
BLOG: China’s steel demand? Let’s defeat virus first Feb 04, 2020

Many ferrous market sources outside China have been rather keen to understand whether or how badly Chinese steel demand has been dampened by the outbreak of the Novel Coronavirus (2019-nCoV), or whether China’s iron ore consumption will decline because of the virus attack. One answer covers all: “wait until 2019-nCoV has been defeated and within control.”
NBS: China Jan manufacturing PMI inches down to 50 Feb 04, 2020

China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry inched down to the brink of the expansion zone, falling 0.2 basis point on month to 50 for January without taken into consideration of the impact of the Novel Cornavirus (2019-nCoV) outbreak, according to the latest release from China’s National Bureau of Statistics (NBS) on January 31.

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

Economy

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

FEATURE-1: Beijing endeavouring to boost China economy Apr 03, 2020

ANALYSIS: Rebar-HRC price spread to remain wide in Apr Apr 03, 2020

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

NBS: China Mar manufacturing PMI recovers to 52 Mar 31, 2020

India: Dhamra Port Declares Force Majeure Mar 27, 2020

BLOG: COVID-19 impact on China steel mills reverberates Mar 26, 2020

NBS: China Jan-Feb FAI down 24.5%, property down 16.3% Mar 16, 2020

FLASH: CHINA'S JAN-FEB FAI DOWN 24.5% ON YEAR Mar 16, 2020

China’s DCE preparing for LPG futures, options launch Mar 11, 2020

China’s Jan-Feb foreign trade suffers $7.1 billion deficit Mar 09, 2020

BLOG: Iron ore prices amaze or annoy many for 2020 Mar 09, 2020

FEATURE-2: China raw material supplies up, and steel? Feb 27, 2020

FEATURE-1: China raw material supplies up, and steel? Feb 27, 2020

FEATURE: China’s property developers in deep water Feb 21, 2020

MACRO: Beijing calls for key industries to resume asap Feb 12, 2020

China Customs to release Jan-Feb data in March since 2020 Feb 10, 2020

Virus outbreak not to shake China economic fundamentals Feb 05, 2020

BLOG: China’s steel demand? Let’s defeat virus first Feb 04, 2020

NBS: China Jan manufacturing PMI inches down to 50 Feb 04, 2020

Daily Prices

Prices Summarization

FOB prices of steel products on August 6