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Production of air conditioners, washing machines and televisions by China’s home appliance makers all saw declines in July, while that of refrigerators remained firm, according to the latest data released by China’s National Bureau of Statistics (NBS).
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China’s domestic rebar output grew the most among the major finished steel products in July, up 26% on year to 22.5 million tonnes, though the growth rate was 2.7 percentage points short of that for June, according to the latest output breakdowns by product from China’s National Bureau of Statistics (NBS).
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China’s sales of excavators and other heavy machinery over January-July increased by 13.9% on year to 149,553 units, according to an August 13 release by the China Construction Machinery Association (CCMA), with July sales alone being higher by 11% on year at 12,346 units.
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China’s pig iron production declined for a second month in July, dipping by 1.83 million tonnes or 2.6% on month to 68.31 million tonnes, according to the latest data released by the country’s National Bureau of Statistics on August 14. The total tonnage was up by just a tiny 0.6% on year, the data show.
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Over January-July, China’s produced about 577 million tonnes of crude steel, up 9% on year, or 0.9 percentage point lower than that for H1 of 2019 because of less steel output for July, according to the latest statistics released by the country’s National Bureau of Statistics (NBS) on August 14.
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Over January-July, China's fixed asset investment (FAI) in general grew 5.7% on year to Yuan 34.9 trillion ($5 trillion), among which that in property market grew 10.6% on year, both being down 0.1 percentage point and 0.3 percentage point respectively from the first half of 2019, according to latest updates from China’s National Bureau of Statistics (NBS) on August 14.
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China's crude steel output grew 9% on year to 577 million tonnes over January-July, with the July volume up 5% on year to around 85 million tonnes. A detailed report will be posted soon.
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Both sales and production of China’s new-energy vehicles (NEV) declined on year for the first time in July, down 4.7% and 6.9% respectively, after a boost in sales in June as buyers rushed to enjoy the last days of subsidies on such vehicles until June 25, according to the latest release from China Association of Automobile Manufacturers (CAAM) on August 12.
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China exported nearly 40 million tonnes of steel products over January-July, down 2.9% on year, according to the latest release of China’s General Administration of Customs (GACC) on August 7.
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China's steel exports
declined 2.9% on year to just below 40 million tonnes for January-July. A
detailed report will be posted soon.
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China’s steel mills that are not members of China’s Iron and Steel Association (CISA) were the core contributors to the high 9.9% on-year growth in the country’s total steel output in the first half of 2019, as their steel production grew up 24.1% on year, Gao Xiangming, the chairman of CISA pointed out at the association’s meeting on July 29.
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China’s Purchasing Managers’ Index (PMI) for the manufacturing industry rebounded 0.3 basis point on month to 49.7 for July after three-months of declines, but it was still below the threshold of 50, according to the latest data from China’s National Bureau of Statistics (NBS) released on July 31.
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Total pre-tax profits earned by China’s domestic ferrous smelters and processors during this year’s January-June period plummeted by 21.8% on year to some Yuan 14.3 billion ($2.1 billion), according to the latest data from China’s National Bureau of Statistics (NBS) released last Saturday.
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The 64 countries under the monthly survey of the World Steel Association (WSA) produced a total of 925.1 million tonnes of crude steel over January-June, or up 4.9% on year, with China being the dominant contributor, according to WSA’s latest release late on July 26.
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Production of air conditioners, washing machines, refrigerators, and televisions by China’s home appliance makers performed strongly in this year’s first half, according to the latest data released by China’s National Bureau of Statistics (NBS) on July 16, with that of air conditioners seeing the sharpest year-on-year increase among the four of 10.2% to reach 119.8 million units during the six months.
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Industrial growth in China’s ferrous smelting and processing sector surged by 10.3% on year during this year’s January-June half, according to data published by China’s National Bureau of Statistics on July 15. The figure doubled the yearly growth of 5% recorded over the same period last year, Mysteel Global notes.
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China’s GDP achieved a 6.3% year-on-year growth for the first half of 2019 to Yuan 45.1 trillion ($6.6 trillion), which was within Beijing’s economic growth target of 6-6.5% for this year, though the Q2 GDP growth was 0.2 percentage point lower than that for Q1, according the latest release from the country’s National Bureau of Statistics (NBS) on July 15.
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The latest data from China's National Bureau of Statistics (NBS) suggests the country could conceivably produce close to 1 billion tonnes of crude steel for the whole 2019 if the steel production kept running at nearly 10% year-on-year growth rate, though market sources dismissed the possibility.
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China’s average capacity utilization rate in all industries nationwide remained largely unchanged during the April-June quarter at 76.4%, up 0.5 percentage point on quarter, though 0.4 percentage point lower than one year ago, according to the latest data released by China’s National Bureau of Statistics (NBS) on July 15.
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China's fixed asset investment (FAI) grew by 5.8% on year to Yuan 29.9 trillion ($4.3 trillion) for January-June, up 0.2 percentage point from that for January-May, while the FAI in the property market grew 10.9% on year in H1, 0.3 percentage point lower than the first five months, according to the latest data released by China’s National Bureau of Statistics on July 15.
