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Vehicle production among Japan’s eight major automakers over January-June rose 30% on year to about 12.2 million units from all their assembly plants in and out of Japan, Mysteel Global calculated based on each maker’s production data released on July 29, largely due to the low base a year ago, as it was still 13% lower than two years ago.
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Liu Youbin, spokesperson for China’s Ministry of Ecology and Environment (MEE) reiterated at a press conference on July 26 that producers from the other carbon-emitting industries including steelmaking, cement and other construction materials will join the country’s power houses in nationwide carbon emission quota trading once the conditions are met.
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Toyota Motor, Japan’s largest auto maker, has informed its auto parts suppliers that the company has adjusted its vehicle output plan lower for August and September by 10,000 units/month from its initial plan made a month ago, according to market sources in Tokyo and Nagoya in central Japan. The auto giant citing delays in receiving critical components.
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In June, Japan’s domestic sales of stainless flats including hot-rolled (HR) and cold-rolled (CR) coils and sheets from Japan’s 32 coil centers rose 18.6% on month, according to the data released by the Japan Stainless Coil Centers Association (JSCA) on July 26, which was probably due to the improvement in spot demand, according to market sources.
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China’s total electricity generation capacity from all forms of energy is forecast to increase by 7.7% on year this year to reach 2.37 billion kW, according to a report by China Electricity Council on July 23. Within the total, by year’s end the portion fuelled by non-fossil energy will reach 1.12 billion kW, exceeding coal-fired electricity capacity at 1.1 billion kW, the council predicts.
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For the first half of 2021, crude steel production among 64 countries worldwide under the monthly survey of World Steel Association (WSA) maintained its momentum in growth, up 14.4% on year to slightly above 1 billion tonnes, according to the association’s sharing late last Friday.
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Shortly after the first release of copper, zinc and aluminum reserves through an open auction on July 5-6, China’s National Food and Strategic Reserves Administration (NFSRA) will release the second batch of reserves of these metals via the same means on July 29, the National Development and Reform Commission shared in three posts through its WeChat account on July 21.
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For June, Japan’s crude steel output for all including carbon and special steel for June rose by 44.4% on year to about 8.1 million tonnes, and the whole volume for January-June gained 13.8% on year to about 48.1 million tonnes, with both the on-year rises partially due to the low bases a year ago, Mysteel Global noted from the data released by the Japan Iron & Steel Federation (JISF) on July 21.
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In June, Japan’s steel exports including semi-finished and finished steel in all grades and forms rose by 27% on year to about 3.06 million tonnes, according to the preliminary data released by Japan’s Ministry of Finance on July 21, though the exports for January-June were still 0.9% short of a year ago, Mysteel Global noted.
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Over January-June, China’s production of all the four mainstream white goods still grew on year though at a slower pace of 5.6-33.5% against the 10.2-37.3% on-year growths for the first five months of 2021, as their June output fell on month, Mysteel Global noted from the latest data released by China’s National Bureau of Statistics (NBS) on July 19.
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China’s power supply has been under serious test since the start of 2021, firstly in winter because of the extremely cold weather in some regions together with the surging power consumption in many industrial sectors as a result of heavy government spending and fixed asset investments to cushion the domestic economy from the blow of the COVID-19.
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HBIS Group (HBIS), a top-tier steel mill with all the core steelmaking facilities in North China’s Hebei province, is joining with South Korea’s largest steelmaker POSCO in a joint venture to produce and sell automotive steel sheet in Hebei’s Tangshan city, according to the official posts released by the two companies.
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Nippon Steel, Japan’s largest integrated mill, has won an order to supply high-alloy seamless pipes for the Carbon Dioxide Capture and Storage (CCS) project in the North Sea, the company announced on July 20.
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China’s consumption of all types of energy increased 10.5% on year over January-June, reversing up from the 0.2% on year drop during H1 last year when the coronavirus was raging nationwide. For H1 this year, the percentage of clean energy in all energy consumed edged up by 0.4 percentage point on year, while that for coal declined 0.3 percentage point on year, according to a recent post by the National Bureau of Statistics (NBS).
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China released all its key economic development data for the first half of 2021 by last week, and related governing organizations also held press conferences to explain the key points of the data on the day of releases where senior officials emphasized the country’s economic growth had been further optimized and is heading towards the desired track via the heavy reliance on the country’s huge domestic market.
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Rio Tinto's
Production Summary over Apr-Jun*
*Rio Tinto share
unless otherwise stated
Source: Rio Tinto,
released onJuly 16
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Privately-owned enterprises have been with greater significance in China’s foreign trade, as among the 479,000 firms involved in foreign trade in the first half of 2021, 397,000 or 82.8% of the total were privately-owned, Li Kuiwen, spokesperson of the country’s General Administration of Customs (GACC), shared at GACC’s press conference on July 13.
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Pig iron output in China grew 4% on year to nearly 456.4 million tonnes over January-June, though the pace was lower than the 5.4% on-year growth recorded for the first five months, according to new data released by the country’s National Bureau of Statistics (NBS) late on July 15. The volume for June alone dipped by 2.7% on year or 3% on month to 75.78 million tonnes, Mysteel Global noted.
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China’s fixed asset investment (FAI) increased 12.6% on year in the first half of 2021 to Yuan 25.6 trillion ($3.96 trillion), and among the total, the funding in the property market grew 15% on year to Yuan 7.2 trillion, according to the release by the country’s National Bureau of Statistics (NBS) on July 15.
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China's gross domestic product (GDP) grew 12.7% on year over January-June, approximating Yuan 53.2 trillion ($8.23 trillion), and for the second quarter of 2021, the GDP grew 7.9% on year, confirming that China’s national economy had been recovering steadily with all the key macro-economic indicators having returned to the reasonable levels, the country's National Bureau of Statistics (NBS) commented on July 15 when releasing the data.
