-
In August, Japan’s crude steel output including carbon and special steel rose by 22.9% on year to about 7.92 million tonnes, or the sixth consecutive month with an on-year rise, though it was down 1% on month, according to the latest data from Japan Iron & Steel Federation (JISF), which was partially to do with low base in 2020, according to market sources.
-
In August, crude steel production among 64 countries worldwide under the monthly survey of World Steel Association (WSA) contracted on year for the times after it climbed out of the decline in August 2020, down 1.4% to 156.8 million tonnes, mainly due to the sharp fall in the crude steel output from China - the world’s No.1 steelmaking country, according to the association’s release on September 23.
-
Kyoei Steel, Japan’s largest rebar producer, has decided to lift its rebar base price by Yen 3,000/tonne ($27/t) on month to Yen 93,000/t for all its four plants across Japan for October domestic sales, mainly to transfer higher input costs, the company announced on September 22.
-
Production of rebars in China dropped more sharply by 16.1% on year to 20.1 million tonnes in August, as against the 12.5% on-year decline for July, according to new data released by the country’s National Bureau of Statistics (NBS) on September 17. The result was also lower for the second month, or down by 4.3% on month.
-
Over January-August, China’s production of four key electrical home appliances including air-conditioners, televisions, washing machines and refrigerators posted further slow-downs in growths or an on-year decline for television, and three of the four posted on-year declines in output for August, according to the data released by China’s National Bureau of Statistics (NBS) on September 17.
-
In July, Japan’s finished carbon steel sales both at home and abroad rose by 9.5% on year to about 5.16 million tonnes, and the volume for January-July gained 12.8% on year to 35.65 million tonnes, according to the release by the Japan Iron & Steel Federation (JISF) on September 16, reflecting the remaining firm demand in and out of the country, according to market sources.
-
In August, Japan’s steel exports of all categories and all grades and forms approximated 2.92 million tonnes, up 13.7% on year but 3.5% lower on month, according to the preliminary data released by Japan’s Ministry of Finance on September 16, which was probably due to the delay in the shipment over heavy rainfalls last month.
-
China’s energy production continued to increase overall in August, according to data from China’s National Bureau of Statistics (NBS) released on September 15, with growth in clean energy output maintaining a faster pace with the exception of hydro power generation.
-
Japan Iron & Steel Federation (JISF) chairman Eiji Hashimoto expressed his regret on September 15 that India’s commerce ministry had decided to ask the country’s Ministry of Finance to continue applying anti-dumping duties on Japanese hot-rolled coils (HRC), plates, and cold-rolled coils (CRC) and sheets.
-
Japan’s core machinery orders from domestic users excluding shipbuilders and power equipment makers improved by 0.9% on month in value to Yen 859.7 billion ($7.86 billion), according to a release by the Japanese government’s Cabinet Office on September 15.
-
China’s pig iron ore output recorded an 11.1% on-year decline in August to reach around 71.53 million tonnes, according to new data released by the country’s National Bureau of Statistics (NBS) on September 15. Though the volume was also down by 1.8% from July and marked the third straight monthly fall, last month’s decline was smaller than the 13.2% on-year tumble in production of crude steel in August, the data also showed.
-
Chinese shipbuilders received new vessel orders totalling 49.1 million deadweight tons (dwt) over January-August, higher by a massive 227.2% on year, according to the latest release from China Association of the National Shipbuilding Industry (CANSI) on September 15. The growth was even more remarkable than the 223.2% on-year leap for the first seven months, Mysteel Global noted from the data.
-
Over January-August, China’s fixed asset investment (FAI) grew 8.9% on year to about Yuan 34.7 trillion ($5.4 trillion), among the total, the funding in the property market increased 10.9% on year to Yuan 9.8 trillion, both posting slower growths than those over January-July, Mysteel Global noted from the data released by the country’s National Bureau of Statistics (NBS) on September 15.
-
Over January-August, China's fixed asset investment (FAI) grew 8.9% on year to Yuan 34.7 trillion ($5.4 trillion), and among which, the funding in the property market increased 10.9% on year to Yuan 9.8 trillion, both being slower than growths over January-July, according to the release by the National Bureau of
-
Tokyo Steel Manufacturing, Japan’s leading electric-arc-furnace producer, announced on September 14 to keep all its carbon steel finished products prices unchanged for October sales, using the one month to review how much of its previous price hikes have been absorbed by the spot market and to monitor the steel market development both at home and abroad.
-
In August, Japan’s new ship orders including from home and abroad gained on the year for the eight consecutive month, or up 109.8% on year to 27 vessels or equivalent to 1.22 million gross tonnes (GT) in total, according to the data released by Japan Ship Exporters’ Association (JSEA) on September 13, which was rather phenomenal for a summer month, a JSEA official commented.
-
Japan’s carbon steel consumption among shipbuilders is expected to improve but it may still fall about 8.7% on year to about 2.45 million tonnes for FY2021 (April-March 2022) against the 11.5% on-year slump forecast back in February, mainly as shipbuilders, despite higher orders, have slowed down their operations with insufficient backlogs on hand, according to the update released by The Shipbuilders’ Association of Japan (SAJ) on September 10.
-
Toyota Motor, Japan’s largest auto maker, will deepen the cuts on its September auto output globally to 430,000 units than the planned 360,000 units announced on August 19, mainly due to limited improvement in deliveries of auto components from Southeast Asia amid the latest wave of the COVID-19 in the region, according to a company official on September 10.
-
The performance of China’s auto industry declined for the fourth consecutive month in August, with automotive sales and production dropping by 17.8% and 18.7% on-year respectively, the latest data released by the China Association of Automobile Manufacturers (CAAM) published on September 10 showed.
-
In August, China’s excavators and heavy machinery sales at home and abroad declined on year for the fourth month and at a faster pace of 13.7% to 18,075 units, though it was up 4.2% on month, Mysteel Global understood from the data released by the China Construction Machinery Association (CCMA) on September 7, partly as last year’s base was quite high when government had put great efforts in stimulating domestic economies.
