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The volume of steel scrap arising in China this year is forecast to increase by 10% or by 20 million tonnes on year to reach 220 million tonnes, Li Shubin, Secretary General of the China Association of Metal Scrap Utilization (CAMU), forecasted at the 2018 National Scrap Metal Conference in Chengdu, Southwest China, on November 17. Within the total, some 40 million tonnes will be mill return scrap, according to Li.
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China’s pig iron production in October rose to the highest monthly level so far this year, climbing by 1.36 million tonnes or 2.1% from September to reach 67.74 million tonnes, according to the latest data released by the country’s National Bureau of Statistics on November 14. Compared with October last year, the gain was even more impressive at 7.3%, the data show.
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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 output of raw coal grew 8% on year in October to 305.1 million tonnes, according to data released by the country’s National Bureau of Statistics (NBS) on November 14, while coke output was 4.5% higher at 36.6 million tonnes.
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China’s imports of all types of coal in October posted an 8.2% decline on month, while the country’s coke exports surged by 57.8% the same month, according to the latest statistics released by China’s General Administration of Customs on November 8.
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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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China has been making the steady progress with its power supply evolution to cleaner sources from the polluting coal, as over January-September, the proportion of thermal power in the country’s total power consumption dropped 1.5 percentage points on year while clean energy up 1.3 percentage points, according to the latest data released by China’s National Bureau of Statistics (NBS) on October 23.
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With all the world’s top four miners releasing their latest quarterly report over July-September, Vale appeared to be the only winner both in iron ore production or sales, and in prices too, posting positive growths in all the related aspects, Mysteel notes.
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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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Mysteel Iron Ore price assessments will be published in accordance with the holiday schedules in China and Singapore.
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The volume of coking coal China imported in September dropped by 5.6% on month to 6.6 million tonnes though the total was 9.5% higher on year, according to data from China’s General Administration of Customs released on October 23. Over January-September, China imported 50.3 million tonnes of coking coal, or 4.3% lower on year, the statistics showed.
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Mysteel is launching a 62% Fe Low Alumina Index in $/dmt as part of the SEADEX suite of indices, effective today, October 22 2018. Mysteel is committed to providing Iron Ore price assessments that reflect current and evolving market trends.
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China’s output of raw coal posted a 5.2% growth on year in September, while that for coke slid 0.1% on year, according to the data released by China’s National Bureau of Statistics (NBS) on October 19.
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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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Mongolia exported 27.4 million tonnes of bituminous coal and lignite over January-September, up 6.2% year on year, with the growth being much higher than the 1.4% for the first eight months, according to a report released by the country’s National Statistics Office on October 12.
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China’s imports of metallurgical coal, thermal coal and lignite in September dropped by 12.4% on month or 7.2% on year to 25.1 million tonnes, according to statistics from China’s General Administration of Customs published on October 12. On the other hand, the country’s exports of coke and semi-coke the same
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China’s total iron ore imports over January-September posted a deeper decline by 1.6% year on year than the 0.5% annual dip for the first eight months, despite that the September import volume reversed up, Mysteel noted from the latest release by China’s General Administration of Customs on October 12.
The decline
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Brazil exported 33.9 million tonnes of iron ore in September, down 1.72 million tonnes or 4.8% on month, but up 6.2% on year, according to the latest statistics from Brazil’s Ministry of Industry, Foreign Trade and Services released earlier this month.
Prior to September’s month-on-month decline, Brazil’s iron ore export volume
