-
China’s GDP grew 6.2% on year over January-September, still within Beijing’s 6-6.5% economic growth target for 2019, though the growth for Q3 fell another 0.2 percentage point from Q2 to 6% on year, or a new low after Q2 since China started the GDP statistics in 1992, according to the latest statistics from the country’s National Bureau of Statistics on October 18.
-
China’s crude steel production still grew over January-September, but at a lower 8.4% year-on-year rate than the 9.1% annual rise for the first eight months, totalling 748 million tonnes, Mysteel Global noted from the latest statistics released by the country’s National Bureau of Statistics (NBS) on October 18.
-
China's fixed asset investment (FAI) in general grew 5.4% on year to Yuan 46.1 trillion ($6.5 trillion) over January-September, down 0.1 percentage point from that for the first eight months, while the funding in the property market maintained its growth at 10.5% on year, the same as that for January-August, according to the latest release from the country’s National Bureau of Statistics (NBS) on October 18.
-
China's gross domestic products (GDP) grew 6.2% on year for the first three quarter of 2019, and its fixed asset investment grew 5.4% on year over January-September, according to the latest statistics from the National Bureau of Statistics. A detailed report will be posted soon.
-
China’s coke output increased 6.3% on year
to 354.4 million tonnes over January-September, and the output of raw coal
including thermal and metallurgical coal grew 4.5% on year to 2.74 billion
tonnes. A detailed report will be posted soon.
-
China's crude steel output grew 8.4% on year to 747.8 million tonnes over January-September, with the September volume up 2.2% on year to around 82.8 million tonnes. A detailed report will be posted soon.
-
Odisha govt. has today (i.e 14th Oct 2019) invited bids for grant of ten more iron and manganese ore mining leases via Phase II. In this phase few key iron ore mining leases that are being auctioned include - Rungta's Jajang mine, Serajuddin Balda block, GS Mishra & Sons & BICO.
-
The World Steel Association (WSA) raised its projection for the global steel demand growth for 2019 to 3.9% on year to about 1.8 billion tonnes from the original 1.3% year-on-year forecast in April, which is also higher than the 2.1% yearly growth for 2018, according to WSA’s release on short-range outlook.
-
China’s import and export value reached Yuan 22.91 trillion ($3.2 trillion) over January-September, up 2.8% on year, according to data released by China’s General Administration of Customs (GACC) on October 14.
-
China’s Purchasing Managers’ Index (PMI) for the manufacturing industry rebounded 0.3 basis point on month to 49.8 for September, as situation both in domestic market and exports improved marginally, according to the latest release from China’s National Bureau (NBS) of Statistics on September 30.
-
China needs to switch its economic development goals from high-speed growth to high quality, said Yang Jianlong at the 19th China International Steel & Raw Materials Conference in Qingdao, East China, on September 26. Yang is Deputy Director of Research Department of Industrial Economy at the State Council’s Development Research Centre.
-
Growth in the total value of China’s exports is at risk of negative pressure in the coming term with the slowdown in economic growth both at home and abroad, and from the many uncertainties caused by the US-China trade friction, Lu Ting, chief economist of Nomura Securities stated on September 18 at the Asia Steel Forum 2019 in Shanghai.
-
China’s national economy maintained steady progress up to August, weathering a challenging environment with a mixture of gains and small declines, according to Fu Linghui, spokesperson of the National Bureau of Statistics.
-
Industrial growth in China’s domestic ferrous smelting and processing sector rose by 10.4% on year last month, up by 0.2 percentage point from July, according to the latest National Bureau of Statistics (NBS) data published Monday. Growth in the sector in August was the fastest among all the 41 industries NBS monitors.
-
China's fixed asset investment (FAI) in general grew 5.5% on year to Yuan 40.1 trillion ($5.6 trillion) for January-August, with the growth slowing down 0.2 percentage point from January to July. Investment in the property market grew 10.5% on year over the eight months, though this too was down 0.1 percentage point from January to July, according to the latest updates from China’s National Bureau of Statistics (NBS) released on September 16.
-
China’s daily crude steel output in August reversed up after a short-lived retreat in July, growing by 2.4% from July’s four-month low to reach 2.82 million tonnes/day, according to the latest statistics released by the country’s National Bureau of Statistics (NBS) on September 16.
-
China's crude steel output reversed up 2.4% on month to 2.82 million tonnes/day in August, and the total volume for the first eight months grew 9.1% on year to around 665million tonnes. A detailed report will be posted soon.
-
It is rather interesting to see different interpretations inside and out of China whenever the world’s second largest economy releases economic-related figures, and its latest foreign trade release for the first eight months of 2019 has been a vivid example.
-
Beijing’s indication on further lowering banks’ cash deposit reserve ratio on September 4 may be supportive to the steel market sentiment, but it is unlikely to drive up much steel demand from the downstream industries with the property sector in particular, according to Chinese market sources.
-
China’s Purchasing Managers’ Index (PMI) for the manufacturing industry retreated 0.2 basis point on month to 49.5 for August, as production continued with the expansion, while demand was under pressure, according to the latest report from China’s National Bureau of Statistics (NBS) released on August 31.
