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China's imports of steel scrap in April plunged by 50,000 tonnes or 29.4% on month to 120,000 tonnes, according to the latest data released by China's General Administration of Customs on May 23.
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China produced 67.5 million tonnes of iron ore run-of-mine (ROM) during April, representing a slight increase of 0.9% or 583,000 tonnes on month, according to the latest data from China's National Bureau of Statistics released on May 18.
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China's property market is expected to maintain its steady pace in prices, destocking and fixed asset investment for 2018, Liu Aihua, spokesperson of China's National Bureau of Statistics reassured the reporters at a recent press conference on China's economic performance for April.
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China's power consumption by the secondary industry including heavy and light rose 6.9% on year to 1.42 trillion kWh over January-April, compared with a general 9.3% in the country's total power consumption, indicating that the sector has been growing healthily.
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China's April pig iron output fell 0.4% year on year to 63.1 million tonnes, but the decline was slower than the 1.1% decline for March or 1.2% year-on-year drop for January-April, mainly due to the resumption of blast furnaces in April, Mysteel understands from the market.
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China produced 36.72 million tonnes of coke in April, up 3.2% on month but down 3.6% on year, the latest data from the National Bureau of Statistics (NBS) showed on April 15.
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China's daily crude steel output for April hit a record high at 2.557 million tonnes/day basing on the latest data released by China's National Bureau of Statistics on May 15, but it is not as alarming as it sounded, as domestic steel market and prices have so far been holding well, according to the market sources.
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China's fixed asset investment (excluding rural households) registered Yuan 15.4 trillion ($2.4 trillion) for the first four months of this year, with the growth rate down another 0.5 percentage point to 7% compared to that for January-March, according to the latest data from the National Bureau of Statistics (NBS) released on May 15.
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China's daily crude steel output nationwide on April 21-30 was estimated at 2.437 million tonnes/day, up merely 0.01% from the previous ten days but sufficient for it to hit a nearly one-year high, according to the latest data released by the China Iron and Steel Association (CISA) on May 14.
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Production and sales of automobiles in China rose at a faster pace in April compared with the same period last year, climbing by 12.3% and 11.5% respectively, according to new statistics from the China Association of Automobile Manufacturers (CAAM) published on May 11.
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China's iron ore imports surge is losing the momentum with April's iron ore import volume down by 2.9 million tonnes or 3.3% month on month to 82.9 million tonnes, according to the latest statistics released by the country's General Administration of Customs on May 8.
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China's finished steel exports surged by another 825,000 tonnes or 14.6% month on month to 6.48 million tonnes in April, according to the latest statistics released by China's General Administration of Customs on May 8.
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China's exports of finished steel products reached 6.48 million tonnes in April, up 14.7% or 830,000 tonnes from 5.65 million tonnes in March, according to the latest numbers from the General Administration of Customs on May 8.
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China's steel industry should avoid the new capacity from being constructed and speed up its de-stocking paces, fending off the potential risks on steel prices from high steel output and inventories for the rest of 2018, Liu Zhenjiang, Secretary General of the China Iron and Steel Association (CISA), reiterated in a recent speech.
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Sales of heavy trucks in China in the 14 tonnes to 100 tonnes class surged 16% year on year to 121,000 units in April, according to data released by Beijing-headquartered vehicle data provider Commercial Vehicle World on May 2.
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Brazil's total iron ore exports in April plunged 13.6% on month to 25.88 million tonnes, according to statistics from Brazil's Ministry of Industry, Foreign Trade and Services published on May 2.
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Chinese steel prices will likely show strong continuous upticks this month as sentiment among market players has improved, thanks largely to tighter steel supply conditions triggered by ongoing output curbs among producers in Xuzhou city in East China's Jiangsu province. But market sources cautioned that potential risks remain, chief among these being the rapidly rising steel prices.
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The Purchasing Manager's Index for the steel industry in North China's Hebei province reversed up 0.9 basis point on month to 50.2 for April, according to a May 1 release from the Hebei Metallurgical Industry Association. Last month's result for China's core steelmaking province marked the first time this year its PMI had crossed the crucial 50 threshold connoting growth.
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China's Purchasing Managers' Index (PMI) for the domestic manufacturing industry registered 51.4 in April, just a slight drop from March's 51.5 and still over the 50 threshold connoting growth, according to National Bureau of Statistics (NBS) data posted on April 30.
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Member steel mills of the China Iron and Steel Association (CISA) posted a total gross profit at Yuan 56.9 billion ($9 billion) over January-March, but a few adverse factors will challenge the industry for the rest of the year, according to CISA's Q1 steel industrial performance press release issued on April 27.
