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China’s pig iron production in October marked the first on-year decline for 2019, with output slipping by 2.7% to reach 65.58 million tonnes, according to the latest data released by the country’s National Bureau of Statistics (NBS) on November 14. The total tonnage was also down 1.7 million tonnes or 2.6% on month, the data show.
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China’s crude steel production continued to grow over January-October, rising by 7.4% on year to 829.2 million tonnes, but the year-on-year growth was 1 percentage point lower compared with the 8.4% yearly growth recorded for the first nine months, according to the latest statistics released by the country’s National Bureau of Statistics (NBS) on November 14.
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China’s fixed asset investment (FAI) in general grew 5.2% on year to Yuan 51.1 trillion ($7.3 trillion) over January-October, and the growth in the funding in the property sector was recorded at 10.3%, according to the latest release from the country’s National Bureau of Statistics (NBS) on November 14.
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China's crude steel output grew 7.4% on year to about 829 million tonnes over January-October, with the October volume down 0.6% on year to 81.5 million tonnes. A detailed report will be posted soon.
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China’s sales of excavators and other heavy machinery over January-October increased by 14.4% on year to 196,222 units, a historical high, according to the latest data released by the China Construction Machinery Association (CCMA) on November 9.
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China exported a total of 55.1 million tonnes of steel over the first ten months of this year, down 5.8% on year, according to the latest data released by China’s General Administration of Customs on November 8. The decline is steeper than the year-on-year decrease of 5% over the January-September period, Mysteel Global noted.
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China's steel exports declined 5.8% on year
to about 55 million tonnes for January-October. A detailed report will
be posted soon.
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Japan, world’s third-largest crude steel producer witnessed an increased in exports of ferrous scrap, semi finished and finish flat steel, while exports of finish long steel observed decrease on quarterly basis in Q3’19, the customs data maintained with SteelMint showed.
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China's total sales of 14-100 tonne heavy-duty trucks during January-October amounted to 979,000 units, roughly stable from the 976,006 units seen in the same period last year, according to the latest data from Beijing-headquartered Commercial Vehicle World (CVWorld) published on November 2, though it noted a strong possibility for the total sales for 2019 to exceed last year’s 1.14 million units.
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China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry fell 0.5 basis point on month to 49.3 for October, connoting a retreat in domestic manufacturing, according to the latest release from China’s National Bureau of Statistics (NBS) on October 31. A reading below 50 signifies contraction, Mysteel Global notes.
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China's October steel PMI hit a 46-month low of 41.3, down 2.9 basis points on month. A detailed report will be posted soon.
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Combined gross profit of China’s ferrous smelting and processing industry slumped 41.8% on year to Yuan 197.2 billion ($28 billion) over January-September, partly due to the rising operational costs, according to the latest statistics from China’s National Bureau of Statistics (NBS) on October 27.
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China’s silicomanganese (SiMn) sector will continue to descend next year as several negative factors including oversupply of the ferroalloy, sliding prices and a deteriorated global environment all combine, according to Zhou Zhiqing, carbon steel alloy department manager of Beijing-based China National Minerals Co.
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Oversupply and low demand are pulling down the seaborne Manganese ore market. Major importers like China and India are postponing their shipments from South Africa as the alloy manufacturers hope the prices to fall further. With the dipping Manganese alloy prices, the producers are approaching to the cost line and the buying interest of steel manufacturers are tepid. In addition to this, the present inventory levels with the producers are restraining them from booking any more consignments.
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Production of the four most popular electrical home appliances in China showed diverged results over the first nine months of this year, with output of the top contributor – air conditioners – showing a year-on-year increase of 6.4% to reach 170 million units, according to the latest data from China’s National Bureau of Statistics (NBS). However, the growth rate was 1.5 percentage points lower compared with that over January-August.
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This week imported HRC offers to Vietnam remain largely stable with minimal fluctuations from India and Russia. Offers from China remained largely stable on a weekly basis.
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Amid the growing popularity of electric vehicles across the globe, South Korea is coming as a major contributor in the segment with the South Korean government providing around USD 900 million in subsidies for e-mobility which will not only be used to subsidise electric and fuel cell cars, but also the associated infrastructure.
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China has been shifting steadily towards clean energy consumption, and over January-September, the country’s consumption of clean energy including natural gas, hydro, nuclear solar, and wind power grew 1.2 percentage points on year, according to the latest statistics from the country’s National Bureau of Statistics (NBS).
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China’s domestic production of rebar grew by 11.6% on year to 21.3 million tonnes last month, according to the latest updates from China’s National Bureau of Statistics (NBS). The on-year growth represented a major decline from the sizzling 17.1% recorded in August and was the slowest growth since September last year, the data show. Over this year’s first nine months, the country produced an aggregate of 185 million tonnes of rebar, still higher by an impressive 19.3% on year, according to NBS.
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China’s crude steel production still grew over January-September, but at a lower 8.4% year-on-year rate than the 9.1% annual rise for the first eight months, totalling 748 million tonnes, Mysteel Global noted from the latest statistics released by the country’s National Bureau of Statistics (NBS) on October 18.
