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China’s shipbuilders received new vessel orders totalling about 15 million dead weight tons (dwt) over January-August, or down 4.5% on year, according to the latest data from the China Association of the National Shipbuilding Industry (CANSI), there was a slight improvement from the 4.8% on-year drop for the first seven months, but the concern persisted on the insufficiency of the backlog.
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China’s production of rebars reached 24.1 million tonnes in August, up 0.9% on month or 9.2% on year, according to the latest data released by China’s National Bureau of Statistics (NBS) on September 17.
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China’s year-to-date power consumption grew in August, with the volume rising by 0.5% on year to 4.77 trillion kWh over January-August, according to new data from the National Energy Administration (NEA). The cumulative eight-month rise brought an end to the sustained drop since early this year, the data show.
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Japan’s carbon steel sales in July for both the domestic market and exports in July rose 9.5% on month to about 4.7 million tonnes, according to the latest data released by the Japan Iron & Steel Federation (JISF) on September 16, or a continuing recovery since May, but it had been still sluggish, a JISF official commented.
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Many economic sectors in China including those of consumption, industrial production and investment showed more positive signs of returning to their normal tracks by the end of August, according to a series of highlights published individually by the country’s National Bureau of Statistics (NBS) on September 15.
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The daily steel output among the member mills of the China Iron & Steel Association (CISA) over September 1-10 declined at a faster rate of 1.1% from the last eleven days of August to 2.14 million tonnes/day on average, though the year-on-year comparison still posted a gain of 6.7%, according to the latest release by CISA on September 14.
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China’s crude steel output grew faster by 3.7% on year to about 689 million tonnes over January-August than the 2.8% annual growth for the first seven months, according to the data released by the country’s National Bureau of Statistics (NBS) on September 15, as the country’s August daily crude steel production reached a record high, Mysteel Global noted.
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Over January-August,China’s fixed asset investment (FAI) still declined on year but narrowed to0.3%, and the funding in the domestic property market grew faster by4.6%on year, according to the latest release from the country's National Bureau of Statistics. A detailed report will be posted soon.
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China's crude steel output grew 3.7% on year to about 689 million tonnes over January-August, according to the latest release from the country's National Bureau of Statistics.A detailed report will be posted soon.
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Production and sales of automobiles in China both witnessed on-year rises for the fifth successive month in August, mainly thanks to the stabilizing economy and a series of policies aimed at stimulating purchasing, according to the latest release from the China Association of Automobile Manufacturers (CAAM) on September 10. Market sentiment also largely improved last month, the association noted.
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Japan’s core machinery orders improved by 6.3% on month in July, marking a strong rebound from the sharp fall of 7.6% in June, according to a survey by the Japanese government’s Cabinet Office, released on September 10. The volume of orders received is increasing but still lags far below pre-virus levels and investment sentiment remains weak, steel industry sources cautioned on Friday.
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Japan’s new vessel orders posted the first on-year rise in August, up 4.6% on year to 579,400 gross tonnes or nine vessels, according to new data released by the Japan Ship Exporters’ Association (JSEA) on September 9, though the market sources suspect this to be sustainable, and thus little support to steel plate consumption.
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Excavator sales to Chinese domestic customers and for export in August marked another sharp on-year increase, jumping by a remarkable 51.3% on year to 20,939 units, according to the latest statistics from the China Construction Machinery Association (CCMA) published on September 9.
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In the first eight months of 2020, China imported more energy products such as crude oil,natural gas and coal,according to the latest statistics from the country’s General Administration of Customs published on September 7, and the slowing global economy had sent prices lower.
For crude oil, China imported 368 million tonnes
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China exported 36.6 million tonnes of steel products over this year’s January-August period, according to the latest statistics of China’s General Administration of Customs (GACC) published on September 7. The decline in the eight-month total at 18.6% on year was steeper than the 17.6% on-year decline over January-July, Mysteel Global notes.
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Over January-August, China’s total foreign trade value dipped 0.6% on year, which narrowed further by 1.1 percentage points from that for the first seven months, but the imports values for both August and the first eight months decreased on year, the latest statistics from the country’s General Administration of Customs on September 7 showed.
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China’s steel exports totaled 36.6 million tonnes over January-August, or down more steeply by 18.6% on year, while its steel imports surged 59.6% on year to 12.2 million tonnes over January-August, according to the latest statistics from the country's General Administration of Customs.A detailed report will be posted soon.
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Domestic sales of heavy-duty trucks in China continued to perform well in August, surging by 85% on year to around 128,000 units, according to the latest release from Beijing-headquartered Commercial Vehicle World (CVWorld). Though sales of these trucks have now witnessed healthy on-year rises for five successive months, the August result was still down 8% from July, the data showed.
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The Purchasing Managers’ Index (PMI) for the steel industry in North China’s Hebei province, the country’s largest steel production base, stayed in the expansion zone for the fourth month in August, gaining another 0.7 basis point on month to reach 52.5, according to the latest release by the Hebei Metallurgical Industry Association.
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Taiwan’s top steel producer and one of major carbon steel exporters to Japan, China Steel Corp (CSC), will lift its export offering prices to Japan for October-December shipments by at least Yen 5,000/t ($47/t) for all flat products including hot-rolled and cold-rolled coils, and plates mainly because of their higher production costs, a CSC official in Osaka confirmed on September 3.
