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Exports of Mongolian coal including bituminous coal and lignite in August swelled by 48% on month or 38% on year to reach 4.1 million tonnes, according to recent data released by the country’s National Statistics Office (NSO).
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Last year’s high margins in the Chinese steel industry is unlikely to repeat in the next few years due to the serious challenges brought by the complicated domestic and international environments, Qu Xiuli, vice chairman of the China Iron and Steel Association (CISA) stated at the Asia Steel Forum in Shanghai on September 18.
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Run-of-mine (ROM) iron ore output at Chinese mines remained generally steady in August, inching up by just 300,000 tonnes or 0.4% on month to 74.3 million tonnes, though last month’s performance was 6.5% higher than during the same month last year, according to the latest statistics from China's National Bureau of Statistics (NBS) published on September 18.
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China’s domestic rebar output experienced a second month-on-month decline last month, easing by nearly 3% from July to 21.9 million tonnes, according to the latest breakdown report from China’s National Bureau of Statistics (NBS). Year-on-year, August output was still higher by 17.1% – the fastest growth among all the finished steel products NBS canvassed last month – though this was still the slowest since March, being down by 9 percentage points on July, according to the NBS data.
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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.
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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.
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China’s pig iron production rebounded in August after a two-month decline, rising by 2.86 million tonnes or 4.2% on month to 71.17 million tonnes, according to the latest data released by the country’s National Bureau of Statistics (NBS) on September 16. The total tonnage was also up by 7.1% on year, the data show.
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China’s coke output grew 4.6% on year to reach 40 million tonnes in August, while the country’s output raw coal for all uses including coking rose 5% on year to 316 million tonnes, according to the latest data from China’s National Bureau of Statistics (NBS) on September 16. The year-on-year growth of both coke and coal production was slower than in July, however.
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China’s total sales of excavators and other heavy machinery over January-August jumped by 14.4% on year to 163,396 units, according to a September 12 release by China Construction Machinery Association (CCMA). For August alone, sales surged by 19.5% on year to 13,843 units, the data shows.
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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.
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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.
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China’s
coke output increased 4.6% on year to 40 million tonnes in August, and raw coal
including thermal and metallurgical coal grew 5% on year to 316 million tonnes.
A detailed report will be posted soon.
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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.
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China's fixed asset investment in general grew 5.5% on year to Yuan 40.1trillion ($5.6trillion) for January-August, among which the funding in the property market went up 10.5% on year to Yuan 8.5trillion during the period. A detailed story will be posted soon.
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China’s auto sales were still under downward pressure over January-August, though the year-on-year decline narrowed to 11% on year as against the 11.4% for the first seven months, Mysteel Global noted from the latest statistics from the China Association of Automobile Manufacturers (CAAM) on September 11.
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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.
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China imported a total of 684.9 million tonnes of iron ore over January-August, or with a slower year-on-year decline at 3.5% than the 4.9% decrease for the first seven months because of higher import volume for August, Mysteel Global understands from the latest statistics released by the country's General Administration of Customs.
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China’s imports of coal and lignite sustained at a relatively high level in August, up merely 0.2% on month to 33 million tonnes, or 14.9% higher on year, according to the latest data released by the country’s General Administration of Customs on September 8.
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China exported some 45 million tonnes of steel over the first eight months of 2019, or down 4.4% on year, according to the latest data released by China’s General Administration of Customs (GACC) on September 8, with the decline being more substantial than the 2.9% on year for the first seven months, Mysteel Global noted.
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China's steel exports declined 4.4% on year to just below 45million tonnes for January-August. A detailed report will be posted soon.
