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China’s rebar output in August rose by a tiny 0.7% on year to 18.07 million tonnes, according to the latest National Bureau of Statistics data released on September 18. The August result took total rebar output during January-August to 134 million tonnes, higher by 4.4% on year.
August output was also
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China’s pig iron production in August reversed down 855,000 tonnes or 1.3% on month to 66.66 million tonnes but it levelled the volume a year ago, according to the latest data released by the country’s National Bureau of Statistics on September 14.
Mysteel’s survey among the 247 blast-furnace steel producers nationwide
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China’s fixed asset investment (excluding rural households) grew by 5.3% on year to Yuan 41.5trillion ($6.1trillion) during January to August this year, according to the latest data released by China’s National Bureau of Statistics on September14. Though FAI spending continues to increase, the NBS data show the growth rate slowing
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The Purchasing Managers’ Index for the steel sector in North China’s Hebei province reversed up 3 basis points month on month to 48.8 in August, which was mainly because of improvement in new orders, according to latest release from Hebei Metallurgical Industry Association (HMIA) on September 1.
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China’s Purchasing Managers’ Index (PMI) for the manufacturing industry nudged up 0.1 basis point on month to 51.3 for August, or staying above the benchmark 50 for the 25th successive month, indicating a continuing expansion, according to the latest release by China’s National Bureau of Statistics on August 31.
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China’s ferrous smelting and processing sector continued to reap considerable profits during January to July with industrial profits soaring 97.8% on year to Yuan 230.5 billion ($33.9 billion), according to latest release from China’s National Bureau of Statistics on August 27.
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Production of the four major home appliances in July among Chinese makers saw two divergent trends emerge, with output of air conditioners and televisions up on year, while that of refrigerators and washing machines showing year on year declines, according to new data released by China’s National Bureau of Statistics (NBS).
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China’s shipbuilders enjoyed a phenomenal 81.6% on-year surge in new vessel orders during January-July to reach the equivalent of 24.04 million deadweight tonnes, according to the latest statistics from China Association of the National Shipbuilding Industry (CANSI) released on August 17. As at the end of July, China’s shipyards still held a backlog of new orders totalling 89.5 million DWT, up 11.4% year on year, CANSI said.
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China’s fixed asset investment (excluding rural households) grew by 5.5% on year to Yuan 35.6 trillion ($5.2 trillion) over January to July, according to the latest data released by China’s National Bureau of Statistics on August 14. Growth in the country’s FAI was off by 0.5 percentage point from the level witnessed during January-June and was also the slowest since 1999, NBS said.
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Production and sales of automobiles in China declined in July, sliding by 0.7% and 4% on year respectively, according to the latest figures released by the China Association of Automobile Manufacturers (CAAM) on August 10. Unhappily for China’s steelmakers, vehicle output and sales have now declined on-year for two successive months, the CAAM data show.
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The continued strong growth in sales of excavators in China last month, which were up 45% on year, took total sales over the January-July period to 131,246 units, a large 59% improvement on year, according to the latest statistics released by the China Construction Machinery Association (CCMA) on August 6. The CCMA’s survey canvasses the performance of China’s twenty-five leading excavator makers.
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The Purchasing Managers' Index (PMI) for the steel industry in North China's Hebei province dropped by another 2.38 basis points on month to 45.8 in July, hitting a nine-month low, according to an August 1 release by the Hebei Metallurgical Industry Association.
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Crude steel output among the 64 countries surveyed by the World Steel Association rose by 4.6% year on year to 881.5 million tonnes in the first half of this year, the association announced on July 26. Output for June alone reached 151.4 million tonnes, up 5.8% on year.
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Chinese production of rebar in June dropped by 3.9% on year to 17.5 million tonnes, according to the latest data released by the China's National Bureau of Statistics (NBS) on July 19. Industry watchers attributed the decline mainly to environmental facility inspections which had affected steelmakers' operations.
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China's national economy has stayed on a healthy and steady track, with the gross domestic product (GDP) for the first half year of 2018 at Yuan 41.9 trillion ($6.3 trillion), up 6.8% on year, according to the latest release by the National Bureau of Statistics (NBS) on July 16.
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China's fixed asset investment (excluding rural households) continued to increase though at a slightly slower rate of 6% on year to about 29.7 trillion ($4.4 trillion) over January-June or down 0.1 percentage point than January-May, according to the latest data from National Bureau of Statistics (NBS) on July 16.
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Production and sales of automobiles in China continued to grow in June but at a slower pace compared with same month last year, climbing by 5.8% and 4.8% on year respectively, according to the latest statistics from China Association of Automobile Manufacturers (CAAM) tabled on July 11.
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China's Purchasing Managers' Index (PMI) for the steel industry reversed up 1 basis point on month to 51.6 in June, making for the fourth straight month in the expansion zone, according to index compiler, CFLP Steel Logistics Professional Committee (CSLPC).
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Vietnam's steel demand is expected to grow moderately by 4% on year in 2018, as the country's GDP growth is expected to remain largely steady at around 6.7%, Chu Duc Khai, Vice Chairman and General Secretary of Vietnam Steel Association, said at the 2018 SEAISI Conference & Exhibition on June 26 in Jakarta, Indonesia.
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Philippines' steel industry will continue to find support from a steady 6.8% gross domestic product (GDP) growth in 2018, Ronald C. Magsajo, Chairman of Statistics Committee of Philippine Iron & Steel Institute, said at the 2018 SEAISI Conference & Exhibition on June 25 in Jakarta, Indonesia.
