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China’s flat steel exports totalled 22.2 million tonnes over January-August, down 16.4% on year, according to the latest statistics from China’s General Administration of Statistics (GACC) published on September 23. Over the months while COVID-19 was raging abroad, Chinese steel mills were more focused on selling domestically when global steel demand was still on the track of recovery.
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Japan’s crude steel production including both carbon and special steel declined by 20.6% on year to about 6.45 million tonnes in August, making for the sixth consecutive monthly on-year drop, according to the latest data released by the Japan Iron & Steel Federation (JISF) on September 24.
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Toyota Motor, Japan’s largest automaker, has informed its auto component suppliers that it has adjusted its production plan for October-November at its domestic plants upward by 3-7% from its original plan set a month ago, industry sources in Nagoya and Tokyo shared on Friday. The carmaker said it was responding to expectations of better sales in the coming two months, they said.
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Nippon Steel Stainless Steel Corp (NSSC), Japan’s largest stainless producer, has decided to lift September-November list prices of 300-series wire rod (October-December roll) to reflect higher nickel prices, the company confirmed on September 24. The increase for 304 grade rods will be Yen 20,000/tonne ($190/t) though NSSC is making no changes to its 400-series prices.
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Among the four major electrical home appliances manufacturing in China, that of air-conditioner declined the most by 17.2% on month to 15.3 million units for August, though the volume was still 0.5% higher on year, according to the latest data from China’s National Bureau of Statistics (NBS), though market sources remained optimistic on higher production for the last quarter of 2020.
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China’s shipbuilders received new vessel orders totalling about 15 million dead weight tons (dwt) over January-August, or down 4.5% on year, according to the latest data from the China Association of the National Shipbuilding Industry (CANSI), there was a slight improvement from the 4.8% on-year drop for the first seven months, but the concern persisted on the insufficiency of the backlog.
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China’s production of rebars reached 24.1 million tonnes in August, up 0.9% on month or 9.2% on year, according to the latest data released by China’s National Bureau of Statistics (NBS) on September 17.
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China’s year-to-date power consumption grew in August, with the volume rising by 0.5% on year to 4.77 trillion kWh over January-August, according to new data from the National Energy Administration (NEA). The cumulative eight-month rise brought an end to the sustained drop since early this year, the data show.
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Japan’s carbon steel sales in July for both the domestic market and exports in July rose 9.5% on month to about 4.7 million tonnes, according to the latest data released by the Japan Iron & Steel Federation (JISF) on September 16, or a continuing recovery since May, but it had been still sluggish, a JISF official commented.
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Many economic sectors in China including those of consumption, industrial production and investment showed more positive signs of returning to their normal tracks by the end of August, according to a series of highlights published individually by the country’s National Bureau of Statistics (NBS) on September 15.
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The daily steel output among the member mills of the China Iron & Steel Association (CISA) over September 1-10 declined at a faster rate of 1.1% from the last eleven days of August to 2.14 million tonnes/day on average, though the year-on-year comparison still posted a gain of 6.7%, according to the latest release by CISA on September 14.
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China’s pig iron production increased by 3.4% on year to 589.4 million tonnes over January-August, with the growth lower than that of crude steel output at 3.7% over the same period, according to data from the country’s National Bureau of Statistics (NBS) released on September 15.
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China’s total raw coal production for all uses edged down 0.1% on year in August but rose 2.5% on month to 325.8 million tonnes, while that for coke grew by 2.9% on year or 3.2% on month to 41.3 million tonnes, according to data released by National Bureau of Statistics (NBS) on September 15.
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China’s crude steel output grew faster by 3.7% on year to about 689 million tonnes over January-August than the 2.8% annual growth for the first seven months, according to the data released by the country’s National Bureau of Statistics (NBS) on September 15, as the country’s August daily crude steel production reached a record high, Mysteel Global noted.
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In August, China produced about 325.8 million tonnes of raw coal for all utilization, almost flat on year with a 0.1% dip, while its coke output grew 2.9% on year to 41.3 million tonnes, according to the latest release by the country’s National Bureau of Statistics. A detailed report will
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Over January-August,China’s fixed asset investment (FAI) still declined on year but narrowed to0.3%, and the funding in the domestic property market grew faster by4.6%on year, according to the latest release from the country's National Bureau of Statistics. A detailed report will be posted soon.
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China's crude steel output grew 3.7% on year to about 689 million tonnes over January-August, according to the latest release from the country's National Bureau of Statistics.A detailed report will be posted soon.
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Total throughput via the three coal terminals operated by North Queensland Bulk Ports (NQBP) in Northeast Australia reached 10.9 million tonnes in August, or up by 13% from the 17-month low hit in July, according to recent data from NQBP. Analysts attributed the growth to the partial recovery of global demand.
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Stainless steel inventories at commercial warehouses in Wuxi and Foshan, China’s two core stainless trading hubs, reversed up again over September 4-10 after the prior week’s one-off contraction, mainly due to the increased arrivals at traders’ warehouses and slowing demand from end-users, Mysteel Global notes.
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Production and sales of automobiles in China both witnessed on-year rises for the fifth successive month in August, mainly thanks to the stabilizing economy and a series of policies aimed at stimulating purchasing, according to the latest release from the China Association of Automobile Manufacturers (CAAM) on September 10. Market sentiment also largely improved last month, the association noted.
