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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 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’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.
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China’s economic growth was largely stable over the first three quarters of 2018, with the gross domestic product (GDP) at Yuan 65.1 trillion ($9.4 trillion), up 6.7% on year, according to the latest figures from the National Bureau of Statistics (NBS) released on October 19.
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China’s steel exports decline slowed down over January-September to 10.7% as against the 13.1% year-on-year drop for the first eight months, as the country’s September export volume reversed up 1.3% on month to 5.95 million tonnes, according to the latest statistics from China’s General Administration of Customs (GACC) on October
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China’s Purchasing Managers’Index (PMI) for the manufacturing industry reversed down 0.5 basis point on month to 50.8 for September but still staying above the benchmark 50 for the 26th successive month, indicating a continuing expansion, according to the latest release by China’s National Bureau of Statistics on September 30.
The slow-down
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Crude steel output among the 64 countries in the regular survey of the World Steel Association (WSA) increased2.6% on year to 151.7million tonnes, according to the latest data released by WSA late on September 25.
The August growth was3.2 percentage pointslower than July’s yearly growth, according to WSA’s data.
China remained the
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China’s fixed asset investment (excluding rural households) grew by 5.3% on year to Yuan 41.5trillion ($6.1trillion) during January to August this year, according to the latest data released by China’s National Bureau of Statistics on September14. Though FAI spending continues to increase, the NBS data show the growth rate slowing
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The Purchasing Managers’ Index for the steel sector in North China’s Hebei province reversed up 3 basis points month on month to 48.8 in August, which was mainly because of improvement in new orders, according to latest release from Hebei Metallurgical Industry Association (HMIA) on September 1.
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China’s Purchasing Managers’ Index (PMI) for the manufacturing industry nudged up 0.1 basis point on month to 51.3 for August, or staying above the benchmark 50 for the 25th successive month, indicating a continuing expansion, according to the latest release by China’s National Bureau of Statistics on August 31.
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China’s ferrous smelting and processing sector continued to reap considerable profits during January to July with industrial profits soaring 97.8% on year to Yuan 230.5 billion ($33.9 billion), according to latest release from China’s National Bureau of Statistics on August 27.
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China’s fixed asset investment (excluding rural households) grew by 5.5% on year to Yuan 35.6 trillion ($5.2 trillion) over January to July, according to the latest data released by China’s National Bureau of Statistics on August 14. Growth in the country’s FAI was off by 0.5 percentage point from the level witnessed during January-June and was also the slowest since 1999, NBS said.
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The continued strong growth in sales of excavators in China last month, which were up 45% on year, took total sales over the January-July period to 131,246 units, a large 59% improvement on year, according to the latest statistics released by the China Construction Machinery Association (CCMA) on August 6. The CCMA’s survey canvasses the performance of China’s twenty-five leading excavator makers.
