-
China’s GDP achieved a 6.3% year-on-year growth for the first half of 2019 to Yuan 45.1 trillion ($6.6 trillion), which was within Beijing’s economic growth target of 6-6.5% for this year, though the Q2 GDP growth was 0.2 percentage point lower than that for Q1, according the latest release from the country’s National Bureau of Statistics (NBS) on July 15.
-
The latest data from China's National Bureau of Statistics (NBS) suggests the country could conceivably produce close to 1 billion tonnes of crude steel for the whole 2019 if the steel production kept running at nearly 10% year-on-year growth rate, though market sources dismissed the possibility.
-
China’s average capacity utilization rate in all industries nationwide remained largely unchanged during the April-June quarter at 76.4%, up 0.5 percentage point on quarter, though 0.4 percentage point lower than one year ago, according to the latest data released by China’s National Bureau of Statistics (NBS) on July 15.
-
China's fixed asset investment (FAI) grew by 5.8% on year to Yuan 29.9 trillion ($4.3 trillion) for January-June, up 0.2 percentage point from that for January-May, while the FAI in the property market grew 10.9% on year in H1, 0.3 percentage point lower than the first five months, according to the latest data released by China’s National Bureau of Statistics on July 15.
-
China's crude steel output grew 9.9% on year to 492 million tonnes over January-June, with the June volume up 10% year on year to about 87.5 million tonnes. A detailed report will be posted soon.
-
China's GDP grew 6.3% on year in the first half of 2019, which was within its annual target at 6%-6.5% for the whole 2019. A detailed report will be posted.
-
China’s steel market is generally pessimistic about steel demand in the second half of this year, as the property market, a key consumer of steel products, will probably slow down, market sources share on July 12.
-
China exported 34.4 million tonnes of steel in this year’s first half, representing a decline of 2.6% or 919,000 tonnes on year, according to data from China’s General Administration of Customs (GACC) released on July 12. Significantly, the decrease reversed the 2.5% year-on-year increase seen in exports over January-May, Mysteel Global noted.
-
The Purchasing Managers’ Index (PMI) for China’s manufacturing industry stayed 49.4 last month, the same level as May and still below the threshold of 50 which indicates a contraction, according to the latest monthly report from China’s National Bureau of Statistics (NBS) released on June 30.
-
The gross profit for China’s domestic ferrous smelters and processors plunged further over January to May, down by 22.4% on year to approximately Yuan 116 billion ($16.8 billion), according to the latest data from China’s National Bureau of Statistics released on June 27.
-
The key steelmaker members of the China Iron & Steel Association (CISA) sold a total of 56.3 million tonnes of finished steel products in May, making for a 5% rise on year, according to CISA’s latest monthly transaction report. Last month’s result took total sales during January-May to 261 million tonnes, higher by 8.8% on year.
-
Chinese domestic rebar output last month once again posted double-digit growth, soaring by 17.1% on year to some 21.8 million tonnes, according to the latest data released by China’s National Bureau of Statistics. During January to May, total rebar output also surged by 22.9% on year to 95.7 million tonnes.
-
Chinese production of air conditioners, washing machines, refrigerators, and televisions by the country’s home appliance makers continued to increase during January-May, according to the latest data released by China’s National Bureau of Statistics (NBS), with that of air-conditioners still witnessing the sharpest growth among the four, rising by 11% year on year to reach 97.46 million units during the first five months.
-
China’s crude steel output in May grew by 10% on year to reach 89.1 million tonnes, with the average daily steel output rising by another 1.4% on month to reach a new high of 2.87 million tonnes/day, according to the latest statistics released by the country’s National Bureau of Statistics (NBS) on June 14.
-
China's overall fixed asset investment (FAI) grew by 5.6% on year to Yuan 21.76 trillion ($3.15 trillion) for January-May, though the five-month growth was lower by 0.5 percentage point from growth during January-April, according to the latest data released by China’s National Bureau of Statistics on Friday.
-
China's crude steel output grew 10.2% on year to nearly 405 million tonnes over January-May, with the May volume up 10% year on year to about 89 million tonnes. A detailed report will be posted soon.
-
China's fixed asset investment in general grew 5.6% on year to Yuan 21.76trillion ($3.15trillion) for January-Mayand the funding into the property market went up 11.2% on year to Yuan 4.6trillion during the period. A detailed story will be posted soon.
-
China exported 29.1 million tonnes of steel over the first five months of this year, representing an increase of 2.5% or 699,000 tonnes on year, according to data from China’s General Administration of Customs (GACC) released on June 10. However, the pace of export growth slowed by a significant 5.8 percentage points from that over January-April, Mysteel Global noted.
-
China's steel exports rose 2.5% on year to 29.1 million tonnes for January-May. A detailed report will be posted soon.
-
China’s domestic sales of heavy-duty trucks in the 14~100 tonnes class in May reached 109,000 units, lower by 4% on year or by 9.9% on month, according to the latest statistics released by Beijing-headquartered Commercial Vehicle World (CVWorld) on June 4. Over January-May, sales of heavy trucks totalled 553,400 units, down by a slight 1% on year.
