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China’s crude steel output totalled 996 million tonnes for full year 2019, representing a jump of 8.3% compared with the total for 2018 and hitting an all-time high, according to the latest statistics released by the country’s National Bureau of Statistics (NBS) on January 17.
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For 2019, China’s gross domestic product grew 6.1% on year to Yuan 99 trillion ($14 trillion), with the final result coming within the central government’s targeted range for last year of 6-6.5%, according to National Bureau of Statistics (NBS) data released on the release on January 17. “Most of the tasks were fulfilled, laying a solid foundation for China to develop into a well-off society,” NBS commented.
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China's 2019 crude steel output grew 8.3% on year to about 996.3 million tonnes, with the December volume up 11.6% on year to 84.3 million tonnes. A detailed report will be posted soon.
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China’s gross domestic product (GDP) grew 6.1% on year for 2019 to Yuan 99 trillion ($14 trillion), according to the latest statistics from the National Bureau of Statistics. A detailed report will be posted soon.
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China’s exports of steel reached 64.3 million tonnes in 2019, representing a decline of 5 million tonnes or 7.3% on year, according to the latest statistics from China's General Administration of Customs released on January 14.
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China's steel exports declined 7.3% on year to about 64.3 million tonnes for 2019. A detailed report will be posted soon.
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Indian iron ore imports for the year CY19 recorded at 2.19 MnT according to the data maintained by SteelMint. The imports recorded 86% fall against 15.66 MnT in CY’18.
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Crude steel production among the 64 countries surveyed monthly by the World Steel Association (WSA) totaled 147.8 million tonnes for November, down by 1% on year or down by 2.4% on month as nine of the top 10 countries posted declines in their steel output last month, according to WSA’s latest report.
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China’s production of air conditioners, refrigerators and washing machines saw relatively healthy increases over January-November, with that of air conditioners being up 5.8% on year at 199.6 million units, according to the latest data released by China’s National Bureau of Statistics (NBS).
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China’s total rebar output during November soared by 17.7% on year, according to new data from the country’s National Bureau of Statistics (NBS) published on December 18, which was much faster than the 11.9% on-year growth recorded during October.
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China’s shipbuilders received 24.7 million dead weight tonnes (dwt) of new vessel orders over January-November, lower by 25.4% on year, according to the latest statistics from China Association of the National Shipbuilding Industry (CANSI) published on December 17. However, the rate of decline was smaller – albeit slightly – than the 25.6% on-year fall over the first ten months.
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China’s overall fixed asset investment (FAI) grew by 5.2% on year to Yuan 53.37 trillion ($7.5 trillion) over January-November, with the growth remaining unchanged from that recorded for January-October, according to the latest release from the country’s National Bureau of Statistics (NBS) on December 16. Growth in funding for the property sector was recorded at 10.2%, off by just 0.1 percentage point from the first ten months.
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China’s crude steel production growth slowed down further by the end of November, with the year-on-year increase over January-November posted at 7% to about 904 million tonnes, as against the 7.4% yearly growth for the first 10 months, according to the latest statistics released by the country’s National Bureau of Statistics (NBS) on December 16.
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China's fixed asset investment in general grew5.2% on year to Yuan 53.37trillion ($7.5trillion) over January-November, among which the funding in the property market went up 10.2% on year to Yuan 12.13trillion.A detailed story will be posted soon.
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China's crude steel output grew 7% on year to about 904.2 million tonnes over January-November, with the November volume up 4% on year to 80.3 million tonnes. A detailed report will be posted soon.
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China’s automobile industry is expected to witness further declines in 2020 as it enters a period of low-speed, high-quality development, with auto sales likely to dip by 2% from this year, predicted Shi Jianhua, deputy secretary general of China Association of Automobile Manufacturers (CAAM) at the Mysteel Bulk Commodities Week 2020 Special Steel Seminar on December 13.
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China’s steel producers and the China Association of Metalscrap Utilization (CAMU) have been lobbying China’s central government to remove steel scrap from the category of ‘restriction’ next year so as to leverage against the price hikes in domestically-sourced scrap and to ease the supply tightness in the Chinese steel market.
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China’s auto production for November posted the first year-on-year increase since June 2018, up 3.8% on year or 13% higher on month to about 2.6 million units, and the auto sales went down 3.6% on year though still down 7.6% on month, according to the latest statistics from the China Association of Automobile Manufacturers (CAAM) on December 10.
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China’s domestic and export sales of excavators and other heavy machinery over January-November increased by 15% on year to reach 215,538 units, according to the latest data released by the China Construction Machinery Association (CCMA) on December 10. The increase over the eleven months was also larger than the 14.5% on-year rise for January-October.
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China’s foreign trade surplus in Yuan enlarged 34.9% on year to Yuan 2.6 trillion ($369.4 billion) over January-November, though the trade surplus in the U.S. dollar increased 28.4% on year to $377.6 billion, according to a release by China’s General Administration of Customs on December 8, both, however, being lower than the 42.3% or 34.9% for the first ten months.
