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For March, Japan's core machinery orders from domestic users other than shipbuilders and power equipment makers increased 7.1% on month in value to Yen 869.5 billion ($6.8 billion), or the first on-month drop in three months, according to the release by the Japanese government's Cabinet Office on May 19.
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Over January-April, China's production of air-conditioners, refrigerators and washing machines declined on-year, while that of televisions rose, according to the data released by China's National Bureau of Statistics (NBS) on May 18.
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For April, Japan's steel exports declined by 0.3% on year to about 2.7 million tonnes, according to the preliminary data released by the country's Ministry of Finance on May 19. Trading sources believed some deliveries to China must have been delayed due to the COVID-induced lockdown in Shanghai.
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China's rebar production witnessed a 13.6% on-year decline over January-April to reach 75.8 million tonnes, according to the latest data from the country's National Bureau of Statistics (NBS). Among the total, 20.6 million tonnes were produced during April, down 14.1% on year.
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Total orders for new ships received by China's shipbuilders in April posted a hefty 49% on-year decline to reach 5.46 million deadweight tons (DWT), according to the latest data from the China Association of National Shipbuilding Industry (CANSI).
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In April, Japan's new ship orders from both home and abroad rose for the second month by another 10.5% on year to 1.91 million gross tonnes (GT) or in 33 vessels, according to the data released by Japan Ship Exporters' Association (JSEA) on May 17. Market sources expected that the steel consumption by shipbuilders would be kept at high levels.
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Japan's sales of finished carbon steel products during fiscal 2021 (April 2021-March 2022), rose by 7.3% on year to 60.77 million tonnes, according to the latest data released by the Japan Iron & Steel Federation (JISF) on May 16. Last fiscal's result showed that the industry had recovered from the 50-year low recorded during the previous year because of the COVID-19 outbreak, but the improvement was not as great as had been expected, a JISF official commented.
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Over January-April, China's fixed asset investment (FAI) increased by 6.8% on year to Yuan 15.4 trillion ($2.4 trillion), Mysteel Global noted from new data released by the country's National Bureau of Statistics (NBS) on May 16. Within the total, that in the property market declined by 2.7% on year to Yuan 3.9 trillion.
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China's crude steel output stayed on the downtrend over January-April, with the total volume falling by 10.3% on year to 336.2 million tonnes, according to the latest data released by the country's National Bureau of Statistics on May 16.
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Over January-April, China's crude steel output dropped by 10.3% on year to 336.15 million tonnes in total, and that for April decreased by 5.2% on year to 92.78 million tonnes, according to the latest release by the country's National Bureau of Statistics on May 16. A detailed report will be
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Over January-April, China's fixed asset investment (FAI) grew 6.8% on year to Yuan 15.4 trillion ($2.3 trillion), among which that in the property market declined 2.7% on year to Yuan 3.9 trillion, according to the latest release by China's National Bureau of Statistics on May 16. A detailed report will
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By the end of March, Japan's stocks of carbon steel flat products held by domestic steel producers, coil centers and distributors approximated 4.52 million tonnes, or down for the first time since November by 2.8% on month, according to data from Nippon Steel on May 12. Market sources observed that production adjustments by steelmakers must have led overall stocks to decline.
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Over April-June, Japan's crude steel output including both carbon and special steel is estimated to rise 3.5% on quarter to about 20.85 million tonnes, according to the latest release by Japan's Ministry of Economy, Trade and Industry (METI).
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In April, China's sales and production of automobiles both declined on year for the second month by 47.6% and 46.1% respectively, according to the data released by China Association of Automobile Manufacturers (CAAM) on May 11.
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Toyota Motor, Japan's largest automaker, has been forced to trim its global vehicle production for May by about 50,000 units from the previous plan due to the delay in component deliveries caused by logistics disruptions amid the ongoing COVID-induced lockdown in Shanghai, the company announced.
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China's excavator sales for both domestic and overseas markets during April declined on year for the twelfth consecutive month, falling by 47.3% on year to 24,534 units, according to the latest data from the China Construction Machinery Association (CCMA) on May 10. This was also lower by 33.8% on month.
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The Purchasing Managers' Index for the steel industry in North China's Hebei province, the country's top steel production base, headed south again in April, declining by 4.2 basis points on month to 44, according to the latest release by the Hebei Metallurgical Industry Association on its website.
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China's total steel exports came in at 18.16 million tonnes over January-April, posting a sharper decline of 29.2% on year as against the on-year fall of 25.5% for the first three months, according to the latest data released by China's General Administration of Customs on May 9. Industry watchers cited the higher base for the same period last year to explain the fall.
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China's finished steel exports totaled 18.16 million tonnes over January-April, down 29.2% on year, while the country's finished steel imports decreased 14.7% on year to 4.17 million tonnes during the same period, according to the latest data of China's General Administration of Customs on May 9. A detailed report will
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Over January-April, China's foreign trade value posted a 7.9% on-year increase to Yuan 12.58 trillion ($1.98 trillion) in total. Within the total, China's exports value gained 10.3% on year to Yuan 6.97 trillion, and that of imports rose 5% on year to Yuan 5.61 trillion, according to the latest data
