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China’s steelmakers enjoyed sufficient ship plate orders from domestic shipyards last year as the country’s shipbuilders constructed the most vessels globally, despite a double-digit decline in tonnage delivered, Mysteel learnt on Thursday.
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The Purchasing Managers’ Index (PMI) for China’s manufacturing industry fell for the fourth consecutive month, down 0.6 basis points on month to 49.4 for December 2018, though that for the whole 2018 averaged 50.9, managing to stay in the expansion zone, according to the latest release by China’s National Bureau of Statistics (NBS) on December 31.
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The growth in the profits among China’s iron and steelmaking and extrusion enterprises slowed further over January-November, down substantially 13.5 percentage points from the first ten months to 50.2% year on year, but it was still the second most profitable industry following oil and gas sector, according to the latest data released by the country’s National Bureau of Statistics on December 27.
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Chinese production of rebar in November contracted by 3% or 559,000 tonnes to 18.57 million tonnes though on-year growth was still robust at 16.8%, according to the latest data released by China’s National Bureau of Statistics on Tuesday. Rebars still enjoy the dominant share in total long steel items output of 51.3%, the data show.
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Both China’s and global economies will still be “in a healthy and reasonable range” for 2019 despite a most probable slow-down from 2018, Wang Yu, vice head of Research Bureau in the People’s Bank of China (PBOC) said with confidence at the Mysteel Annual Seminar on December 15 in Shanghai.
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China’s fixed asset investment (excluding rural households) climbed up 5.9% year on year to Yuan 60.93 trillion ($8.84 trillion) over January-November, with the growth being 0.2 percentage point higher than the first ten months, and the funding into the property market grew steadily at 9.7% on year, according to the latest data from China’s National Bureau of Statistics released on December 14.
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Chinese exports of carbon and special steel to Japan rose again in October, new data from the Japan Iron & Steel Federation show, with exports of wire rods continuing to register particularly strong growth. South Korea remains by far the largest source of Japan’s steel imports, however.
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China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry decreased another 0.2 basis point on month to 50 in November, right at the threshold still suggesting of an expansion, and it had been above 50 for 28 successive months, according to the latest release by China’s National Bureau of Statistics on November 30, but it was slightly below the market expectation at 50.2.
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Gross profits in China’s ferrous industry including ironmakers, steelmakers and fabricators, surged 63.7% on year over January-October, the highest among all the major industries other than oil and gas exploration, but it was down further by 7.4 percentage points from that over January-September, Mysteel notes.
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Crude steel output among the 64 countries in the regular survey of the World Steel Association (WSA) increased 5.8% on year or 3.2% on month to 156.6 million tonnes for October, according to the latest data released by the association late on November 23.
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The latest October steel output by country released by World Steel Association on November 23 still quoted China’s production at 82.5 million tonnes, or up 9.1% on year, the same as the official release by China’s National Bureau of Statistics (NBS) on November 13, while Chinese market sources have been busy doing their own calculation to understand the real picture not about 2018 but more about 2017.
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China’s rebar output in October hit a new record high of 19.13 million tonnes, climbing by another 4.6% month on month and by 15% on year, according to new data released by China’s National Bureau of Statistics. During the January-October period, the total output jumped by 15% over the first ten months of last year to 172 million tonnes.
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China’s fixed asset investment (excluding rural households) increased by 5.7% on year to Yuan 54.76 trillion ($7.9 trillion) during the January-October period, according to the latest data from China’s National Bureau of Statistics released on November 14. The yearly FAI growth was up by another 0.3 percentage point from that during the first nine months.
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China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry retreated another 0.6 basis point on month to 50.2 in October, though it remained above the benchmark 50 for the 27th successive month, suggesting the continuing expansion, according to the latest release by China’s National Bureau of Statistics on October 31.
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Domestic capacity utilization in China’s ferrous smelting and processing industry during this year’s July-September quarter rose 2 percentage points year on year to 78.7%, with the total average during January-September climbing by 2.7 percentage points on year to 78.1%, according to the latest release from China’s National Bureau of Statistics on October 20.
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Crude steel output among the 64 countries in the regular survey of the World Steel Association (WSA) increased 4.4% on year to 151.7 million tonnes in September, which was almost unchanged from August, according to the latest data released by the association late on October 24.
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China exported a total of 3.51 million tonnes of flat steel in September, up 3% on month and by 16.6% on year to account for 59% of the country’s total steel exports last month, according to detailed export statistics released by China’s General Administration of Customs (GACC) on October 23.
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Production of the four major home appliances in China showed positive growth during the January-September period, according to the latest data released by National Bureau of Statistics (NBS) on October 23.
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Production of rebars across China last month continued to rise, jumping by 4.9% on year to 18.28 million tonnes, according to the latest data from China’s National Bureau of Statistics published on October 23. As a result, total rebar output during January to September reached 153 million tonnes, up by 4.5% year on year, the statistics showed.
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China’s fixed asset investment (excluding rural households) increased by 5.4% on year to Yuan 48.3 trillion ($7 trillion) during the January-September period, according to the latest data from China’s National Bureau of Statistics released on October 19. The yearly FAI growth was up by a slight 0.1 percentage point from that over the first eight months, Mysteel noted.
