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In September, Japan's steel exports of all kinds approximated 2.94 million tonnes, up 19.2% on year and 0.7% higher on month, according to the preliminary data released by Japan's Ministry of Finance on October 20, which may have been maximum volume that Japanese steel mills could allocate for overseas sales, sources shared.
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China's total energy consumption continued growing over January-September, rising by 7.3% on year, according to data from China's National Bureau of Statistics (NBS) published on October 19. However, affected by energy use and intensity control, the growth slowed by 7.3 percentage points and 3.2 percentage points from Q1 and H1 respectively. Meanwhile, the country's energy consumption per GDP unit – or energy intensity – dropped 2.3% on year, which was wider by 0.3 percentage point from H1.
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The Purchasing Managers’ Index for the steel industry in North China’s Hebei province, the country’s top steel production base, retreated for the second month in September to a 19-month low of 43, lower by another 4.3 basis point on month, according to the latest release by the Hebei Metallurgical Industry Association on its website.
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For the July-September quarter, capacity utilization rate among China’s industrial enterprises averaged 77.1%, up 0.4 percentage point on year but down 1.3 percentage points on quarter, partly as ferrous and nonferrous smelting and fabrication plants and automakers posted on-year declines, according to the release by the country’s National Bureau of Statistics (NBS) on October 18.
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Over January-September, China's gross domestic product (GDP) grew 9.8% on year to Yuan 82.3 trillion ($12.8 trillion) with the GDP growth for Q3 having slowed to 4.9% on year against the 7.9% on-year gain for Q2 or the 18.3% on-year rise for Q1, though all the key economic indicators stayed within reasonable ranges until September, the country's National Bureau of Statistics (NBS) shared on October 18.
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Over January-September, the growth in China’s fixed asset investment (FAI) trended down further to 7.3% on year to Yuan 39.8 trillion ($6.2 trillion), among which, that in the property market grew a lower rate too, up 8.8% on year to Yuan 11.3 trillion, and both saw their on-year growths slow since the start of 2021, according to the release by the country’s National Bureau of Statistics (NBS) on October 18.
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Over January-September, China's gross domestic product (GDP) grew 9.8% on year to Yuan 82.3 trillion ($12.8 trillion), and for July-September, the GDP grew 4.9% on year, or being lower than the 7.9% on-year gain for the second quarter or the 18.3% on-year rise for the first quarter, according to the
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Over January-September, China’s fixed asset investment (FAI) grew 7.3% on year to Yuan 39.8 trillion ($6.2 trillion), among which, that in the property market increased 8.8% on year to Yuan 11.3 trillion, both posting slower growths than over January-August, according to the release by the National Bureau of Statistics on
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Chinese shipbuilders received 54.2 million deadweight tons (dwt) of new vessel orders over January-September, higher by a massive 223.3% on year, according to a new release from the China Association of the National Shipbuilding Industry (CANSI) on October 15.
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Over January-September, China’s Producer Price Index (PPI) gained pace further, up 6.7% on year, though it did not lead to a higher rise in Consumer Price Index (CPI), as the latter grew by just 0.6% on year, or the same as in the first eight months, according to the data released by the country’s National Bureau of Statistics (NBS) on October 14.
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Japan’s core machinery orders from domestic users other than shipbuilders and power equipment makers declined by 2.4% on month in value to Yen 839.3 billion ($7.4 billion), according to a release by the Japanese government’s Cabinet Office on October 13.
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China’s finished steel exports declined further in September from August, sliding by another 2.6% on month to 4.9 million tonnes, which made last month’s export volume the second lowest so far this year, according to the latest statistics of China’s General Administration of Statistics (GACC) released on October 13.
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In September, China’s excavators sales at home and abroad declined on year for the fifth straight month and at a faster pace of 22.9% to 20,085 units, though it was up on month for the second month by 11.1%, according to the data released by the China Construction Machinery Association (CCMA) on October 12, mainly due to the waning demand domestically and high base of last year, according to market sources.
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In September, China’s finished steel exports fell 2.6% on month to 4.9 million tonnes, whileover January-September exports grew 31.3% on year to about 53 million tonnes and imports fell 28.9% on year to 10.7 million tonnes, according to the data released by China’sGeneral Administration of Customs on October 13. A
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Over January-September, China's foreign trade value grew by 22.7% on year to Yuan 28.33 trillion ($4.4 trillion), among which, exports value gained 22.7% on year to Yuan 15.55 trillion, and imports grew 22.6% on year to Yuan 12.78 trillion, according to the data released by the country's General Administration of
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The performance of China’s automotive industry declined on year for the fifth consecutive month in September, with automotive sales and production dropping by 19.6% and 17.9% on year respectively, the latest data released by the China Association of Automobile Manufacturers (CAAM) published on October 12 showed.
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Japanese demand for carbon and special steel in ‘crude’ steel equivalent for both domestic sales and export will rise 0.8% on quarter during the present October-December period to 24.11 million tonnes, according to the latest forecast released by Japan’s Ministry of Economy, Trade and Industry (METI) on October 8.
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Sales of heavy-duty trucks in China last month plunged by some 60% on year to around 60,000 units, according to a preliminary estimate released by Beijing-headquartered Commercial Vehicle World (CVWorld) on September 30. If CVWorld’s estimate proves correct, monthly sales will have fallen on year for five consecutive months, Mysteel Global notes.
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Japan’s carbon steel finished products exports in August rose by 8.9% on year to about 1.91 million tonnes, or up on year for the fourth month, according to the data released by the Japan Iron & Steel Federation (JISF) on September 30, though the monthly volume had been overall steady at around 1.9 million tonnes since June, a JISF official noted
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For September, China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry fell into the contraction zone for the first time after 18 months in expansion, or down 0.5 basis point on month to 49.6, with all the five key sub-indices including production, new orders, and raw materials procurement below 50, China’s National Bureau (NBS) of Statistics shared in the report on September 30.
