-
China’s flat steel exports totalled 22.2 million tonnes over January-August, down 16.4% on year, according to the latest statistics from China’s General Administration of Statistics (GACC) published on September 23. Over the months while COVID-19 was raging abroad, Chinese steel mills were more focused on selling domestically when global steel demand was still on the track of recovery.
-
Japan’s crude steel production including both carbon and special steel declined by 20.6% on year to about 6.45 million tonnes in August, making for the sixth consecutive monthly on-year drop, according to the latest data released by the Japan Iron & Steel Federation (JISF) on September 24.
-
Nippon Steel Stainless Steel Corp (NSSC), Japan’s largest stainless producer, has decided to lift September-November list prices of 300-series wire rod (October-December roll) to reflect higher nickel prices, the company confirmed on September 24. The increase for 304 grade rods will be Yen 20,000/tonne ($190/t) though NSSC is making no changes to its 400-series prices.
-
Among the four major electrical home appliances manufacturing in China, that of air-conditioner declined the most by 17.2% on month to 15.3 million units for August, though the volume was still 0.5% higher on year, according to the latest data from China’s National Bureau of Statistics (NBS), though market sources remained optimistic on higher production for the last quarter of 2020.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Stainless steel inventories at commercial warehouses in Wuxi and Foshan, China’s two core stainless trading hubs, reversed up again over September 4-10 after the prior week’s one-off contraction, mainly due to the increased arrivals at traders’ warehouses and slowing demand from end-users, Mysteel Global notes.
-
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.
-
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.
-
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
-
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.
-
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.
-
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.
-
Stainless steel inventories at commercial warehouses in Wuxi and Foshan, China’s two core stainless trading hubs had been fluctuating, down again over August 28-September 3 after a short one-week growth, and the decline was tiny at 0.22% on week to 449,544 tonnes, mainly due to lower delivery from the producers to the traders in Wuxi, East China’s Jiangsu province, Mysteel’s latest survey showed.
-
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.
