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China’s steelmakers enjoyed sufficient ship plate orders from domestic shipyards last year as the country’s shipbuilders constructed the most vessels globally, despite a double-digit decline in tonnage delivered, Mysteel learnt on Thursday.
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Mongolia’s coal exports for 2018 grew further, up another 8.6% on year to a new high of 36.3 million tonnes, according to the latest statistics released by the country’s National Statistics Office on January 15.
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After decades of posting often huge gains, China’s iron ore imports finally ran out of momentum last year, with the total reaching 1.06 billion tonnes for 2018, lower by 10.2 million tonnes or by 1% on year, according to the latest statistics released by China’s General Administration of Customs on January 14.
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China’s imports of coal and lignite grew by 3.9% on year to 281.2 million tonnes in 2018, while the country’s exports of coke and semi-coke surged by 20.8% on year to 9.75 million tonnes last year, according to the latest statistics from China’s General Administration of Customs published on January 14.
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The Purchasing Managers’ Index (PMI) for China’s manufacturing industry fell for the fourth consecutive month, down 0.6 basis points on month to 49.4 for December 2018, though that for the whole 2018 averaged 50.9, managing to stay in the expansion zone, according to the latest release by China’s National Bureau of Statistics (NBS) on December 31.
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The growth in the profits among China’s iron and steelmaking and extrusion enterprises slowed further over January-November, down substantially 13.5 percentage points from the first ten months to 50.2% year on year, but it was still the second most profitable industry following oil and gas sector, according to the latest data released by the country’s National Bureau of Statistics on December 27.
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China’s coking capacity is seen reaching 546 million tonnes/year by the end of this year, some 14 million t/y less than early this year, according to a post by Mysteel on December 24. The decline in total capacity notwithstanding, most of the capacity remains in the hands of independent coking plants across China and the small-size furnaces are still holding the largest proportion of coking capacity since China has been working to eliminate small-scale producers and independent coking capacity, Mysteel notes.
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China consumed 157 million tonnes of steel scrap in steelmaking over January-October, marking a huge 37.8% jump on year, according to a post by Xinhua News Agency, reporting on a steelmaking raw materials conference held in Beijing on December 22. Over the ten months, the average steel scrap consumption ratio in steelmaking across China exceeded 20%, the post noted without providing detailed data.
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China imported about 4.9 million tonnes of coking coal in November, or the seven-month low, according to the statistics of China’s General Administration of Customs on December 22, which was mainly because of Beijing’s conscious controlling of the pace in China’s coal imports since mid-November, according to market sources.
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Chinese production of rebar in November contracted by 3% or 559,000 tonnes to 18.57 million tonnes though on-year growth was still robust at 16.8%, according to the latest data released by China’s National Bureau of Statistics on Tuesday. Rebars still enjoy the dominant share in total long steel items output of 51.3%, the data show.
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Both China’s and global economies will still be “in a healthy and reasonable range” for 2019 despite a most probable slow-down from 2018, Wang Yu, vice head of Research Bureau in the People’s Bank of China (PBOC) said with confidence at the Mysteel Annual Seminar on December 15 in Shanghai.
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In November, China’s pig iron output dipped markedly after having hit the year’s high in October, down 4 million tonnes or 5.9% on month to 63.73 million tonnes, according to the latest data released by the country’s National Bureau of Statistics on December 14, the tonnage, nevertheless, was up substantially 9.9% on year.
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China’s fixed asset investment (excluding rural households) climbed up 5.9% year on year to Yuan 60.93 trillion ($8.84 trillion) over January-November, with the growth being 0.2 percentage point higher than the first ten months, and the funding into the property market grew steadily at 9.7% on year, according to the latest data from China’s National Bureau of Statistics released on December 14.
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China’s output of raw coal including thermal and metallurgical coal increased by 4.5% on year to 315.4 million tonnes during November, while that of coke climbed by 1.9% on year to 35.4 million tonnes the same month, according to data from China’s National Bureau of Statistics (NBS) released on December 14.
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Mongolia’s exports of lignite and bituminous coal in November slumped by 38% on month or 15% on year to 2.46 million tonnes, data released by the country’s National Statistics Office on December 12 show, a decline which underscored the impact that tighter controls at China-Mongolia border checkpoints are having on Mongolian deliveries.
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China’s imports of coal and lignite over November plunged by 17% on month, chiefly due to clearance issues, while the country’s exports of coke and semi-coke increased by 4.4% on month, according to the latest release of statistics by China’s General Administration of Customs on December 8.
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China’s iron ore imports dipped again in November, falling by 2.15 million tonnes or 2.4% on month to 86.25 million tonnes, according to the latest release by the country’s General Administration of Customs on December 8.
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Chinese exports of carbon and special steel to Japan rose again in October, new data from the Japan Iron & Steel Federation show, with exports of wire rods continuing to register particularly strong growth. South Korea remains by far the largest source of Japan’s steel imports, however.
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Brazil exported 33.97 million tonnes of iron ore worldwide in November, lower by 3.23 million tonnes or 8.7% on month, and down 0.5% on year, according to the latest statistics from Brazil’s Ministry of Industry, Foreign Trade and Services released earlier this month.
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China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry decreased another 0.2 basis point on month to 50 in November, right at the threshold still suggesting of an expansion, and it had been above 50 for 28 successive months, according to the latest release by China’s National Bureau of Statistics on November 30, but it was slightly below the market expectation at 50.2.
